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- LME Aluminum 3M Select trades $-1.50 lower to $3121.50 at 9:06:41 AM
- LME Copper 3M Select trades $138.25 higher to $14380 at 9:06:42 AM
- (Bloomberg) – Copper headed for the biggest weekly loss since May as high energy costs and China’s stuttering industrial sector threatened to curb demand. Futures on the London Metal Exchange rose above $14,300 a ton on Friday as the dollar dipped, but were still set to finish the week about 2% lower. Gains in oil prices driven by latest developments in the US-Iran war, as well as data indicating industrial weakness in top consumer China, have weighed on the metal in recent sessions. Still, prices are consolidating at relatively high levels with a broader backdrop of supply tightness. The threat of US tariffs on refined metal has seen traders shift hundreds of thousands of tons to America, threatening shortages elsewhere. A major mine in Chile is also facing strike action. The upside for base metals may be limited, as long as the Middle East war lingers, analysts from Bank of America Corp. wrote in a note. “That said, we acknowledge that falling aluminum, copper and nickel supply should give support to prices.”
- CME HRC Steel last traded at $1275 and $0 lower at 10/1/2026
Price Indications
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