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- LME Aluminum 3M Select trades $-7.75 lower to $3606 at 8:12:46 AM
- LME Copper 3M Select trades $-129.75 lower to $13299 at 8:12:47 AM
- (Bloomberg) – Copper fell with most other metals as investors watched for the next major developments from the Middle East after peace talks stalled, with the US and Iran both vying for control of the Strait of Hormuz. A key gauge of prices for London-traded metals hit a record high on Wednesday after US President Donald Trump said a ceasefire with Iran will remain in place indefinitely while Washington waits for Iran to submit a peace proposal. Tehran says it has no plans to take part in negotiations imminently. A stronger copper market in China has also helped push prices higher as buyers appear more comfortable with prices above $13,000 a ton. But the international situation still makes those gains fragile, according to Yan Weijun, head of nonferrous metals research at Xiamen C&D Co. “Domestic demand in China has been relatively strong, and inventory levels have rapidly declined, providing a solid bottom for copper,” Yan said. “But with significant uncertainty at the macro level, prices still lack a clear trend.”
- CME HRC Steel last traded at $1045 and $-2 lower at 4/22/2026
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