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Copper futures trade lower on Monday

13 Jul 2026 Evaluate
Copper futures are trading lower on Monday as surging crude oil prices and escalating tensions in the Middle East, following missile exchanges between the United States and Iran over the weekend, keep inflationary pressures and interest-rate hike expectations in focus. Meanwhile, a stronger US dollar is also making copper more expensive for holders of other currencies, clouding the outlook for global growth and industrial metals demand. Investors are now awaiting key US inflation data and Fed Chair Kevin Warsh’s first appearance before US Congress this week.

Copper futures for September delivery fell $0.0775 or 1.23% at $6.2045 a pound on the Comex metals division of New York Mercantile Exchange.