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- LME Aluminum 3M Select trades $27.75 higher to $3128.50 at 8:34:43 AM
- LME Copper 3M Select trades $136.75 higher to $14398 at 8:34:47 AM
- (Bloomberg) – Copper edged higher as traders dialed back bets on Federal Reserve rate hikes after the latest US employment report, with attention turning to growing debt risks in Europe. In recent sessions, copper had been buffeted as Treasuries slumped, but both the metal and yields have steadied since jobs data on Friday showed nonfarm payrolls rose by just 29,000 last month, below all estimates by economists surveyed by Bloomberg. Higher rates act as a headwind for commodities like copper, raising borrowing costs for industrial businesses while sapping consumer demand. Futures climbed as much as 0.9% on the London Metal Exchange on Monday, amid jittery moves in stocks, bonds and currencies as investors focused on France’s deepening fiscal crisis and the prospect of fresh political upheaval in Europe. Prices for the red metal are consolidating near record levels after the possibility of US tariffs saw traders ship hundreds of thousands of tons of metal into the country, potentially squeezing supply elsewhere. Meanwhile, demand is being bolstered by consumption from data centers and renewable energy.
- CME HRC Steel last traded at $1275 and $0 lower at 10/2/2026
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