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- LME Aluminum 3M Select trades $-31.25 lower to $3138.50 at 8:52:07 AM
- (Bloomberg) – Copper retreated, as upswings in oil prices and the US dollar weighed on metals while traders assessed a shifting supply outlook. Most contracts on the London Metal Exchange fell, erasing earlier gains, as a gauge of the US dollar rose and benchmark oil futures once again climbed into triple digits. A stronger dollar and higher energy costs are headwinds for industrial metals. Most base metals have slipped this week after data from China, the world’s biggest commodities consumer, showed weak industrial-sector earnings. A weeklong national holiday in the country is also curbing trading volumes. Traders are now gauging the outlook for supply. Production from Chile could be disrupted by a strike at a site owned by Antofagasta Plc, while Panama’s government has proposed a pathway to restart output from a giant mine in the country. Spot prices for copper on the London Metal Exchange have shifted back to a premium over three-month futures, a pattern known as backwardation that indicates tight near-term supply. The same structure emerged in August amid concerns US tariffs on refined metal would pull supplies into the country and create shortages elsewhere.
- LME Copper 3M Select trades $-62 lower to $14351.50 at 8:52:14 AM
- CME HRC Steel last traded at $1275 and $-6 lower at 9/30/2026
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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