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- LME Aluminum 3M Select trades $9 higher to $3405.50 at 8:16:07 AM
- LME Copper 3M Select trades $137 higher to $13732.50 at 8:16:07 AM
- (Bloomberg) – Copper prices rose after Iran said there had been “major progress” in peace talks with the US, boosting expectations that traffic through the Strait of Hormuz may recover and ease inflation pressures. The war has pushed up energy costs and threatened to dampen manufacturing activity, which is a major drive of industrial metals demand. Talks between the two sides are set to continue this week in Switzerland, and Iran already started shipping out millions of barrels of oil last week. All metals moved higher on London Metal Exchange on Monday. Copper prices rose 1.1% to $13,737.50 a ton as of 1:05 p.m. local time, with inventory in the exchange’s network dropping to a three-month low. In other metals, tin gained more than 3%, while nickel and zinc were more than 1% higher.
- CME HRC Steel last traded at $1120 and $0 lower at 6/18/2026
Price Indications
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Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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