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Copper futures end almost steady on Monday

14 Jul 2026 Evaluate
Copper futures ended almost steady on Monday as escalating military conflict between the United States and Iran along with rising crude oil prices kept inflationary pressures and interest-rate hike expectations in focus. Additionally, a stronger US dollar made dollar-denominated metals more expensive for buyers using other currencies. Meanwhile, Copper inventories in LME-approved warehouses have fallen more than 20% since the end of May to a four-month low of 305,200 tons.

Copper futures for September delivery fell $0.001 to settle at $6.2810 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.42% at $13,541 a ton.

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