COMMODITY
Copper futures trade lower on Monday
Apr-13-2026
Copper futures were trading lower on Monday after US President Donald Trump announced plans to blockade the Strait of Hormuz following the failure of US-Iran negotiations over the weekend in Islamabad, Pakistan, adding fresh uncertainty to metals markets. Rising inventories, with stockpiles in LME warehouses climbing to an eight-year high, signalling weaker demand conditions and put downward pressure on copper prices. Moreover, a stronger dollar and a surge in oil prices have fuelled inflation concerns that could delay Federal Reserve rate cuts this year.

Copper futures for May delivery fell $0.0735 or 1.25% at $5.8125 a pound on the Comex metals division of New York Mercantile Exchange.

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