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- LME Aluminum 3M Select trades $21 higher to $3143.5 at 8:26:26 AM
- LME Copper 3M Select trades $123.75 higher to $13211 at 8:26:30 AM
- (Bloomberg) – Copper edged higher, after touching a seven-week low on Wednesday, as a weakening dollar and an artificial intelligence stock rally buoyed sentiment for the metal used in electrification. The upward move came a day after a 2.1% slump on the London Metal Exchange when the prospect of higher interest rates sapped risk appetite. Industrial metals were battered earlier in the week when a rising dollar weighed on commodities priced in the currency. This came after Federal Reserve policymakers signaled growing support for higher borrowing costs, a headwind for all risk assets. Copper gained as much as 0.7% to $13,183 a ton before paring the advance to $13,097 on the LME as of 8:12 a.m. local time. Aluminum was up 0.1% at $3,124 after plunging to the lowest close since Feb. 24, wiping out all the gains during the Iran war, as progress toward a US-Iran peace deal fueled expectations for a resumption of supplies from a key producing region for the metal.
- CME HRC Steel last traded at $1157 and $-1 lower at 6/24/2026
Price Indications
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AEGIS Factor Matrices: Most important variables affecting metals prices
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