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- LME Aluminum 3M Select trades $-14.50 lower to $3565.50 at 8:25:22 AM
- LME Copper 3M Select trades $-23.50 lower to $13919 at 8:25:27 AM
- (Bloomberg) – Copper held steady near a record, even as US President Donald Trump’s warning that the ceasefire with Iran was on “life support” sparked fresh turbulence across financial markets. The bellwether industrial metal has rallied strongly in recent sessions on the back of a host of factors including a rebound in demand in China and a squeeze on Middle Eastern supplies of sulfur that poses a threat to some forms of copper production. It’s also become highly correlated to US equity markets as technology stocks have surged. In recent weeks, copper’s bullish drivers have more than offset worries about the threat that the war in the Middle East poses to the global industrial economy. Meanwhile, concerns about the burgeoning fallout from the conflict were rising back to the fore across markets on Tuesday after Trump dismissed Iran’s proposals for a peace deal. Brent crude jumped near $107 a barrel, stock markets dropped, and the dollar climbed, creating headwinds for commodities priced in the currency.
- CME HRC Steel last traded at $1078 and $0 lower at 5/11/2026
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