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- LME Aluminum 3M Select trades $-17.25 lower to $3655 at 8:38:02 AM
- (Bloomberg) – Industrial metals wavered as investors weighed the prospects for a US-Iran peace deal to end the conflict that has dented the outlook for global economic growth. US President Donald Trump said negotiations with Tehran to extend a ceasefire and reopen the Strait of Hormuz were proceeding, although Secretary of State Marco Rubio said a deal could still take days to materialize. The truce has held since early April, even after a series of attacks on ships and infrastructure. An unofficial draft of a US-Iran interim peace deal says maritime traffic through the Strait of Hormuz can return to normal within a month of the agreement being finalized, according to Iranian state television. Metals have powered higher in the past two weeks as the two sides edge toward a deal, easing some concerns about a prolonged hit to global growth that would crimp metals demand from manufacturers. Copper has also benefited from the enthusiasm over artificial intelligence, given its use in power grids and data centers.
- LME Copper 3M Select trades $6.75 higher to $13632 at 8:38:02 AM
- CME HRC Steel last traded at $1126 and $2 higher at 8:20:46 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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