Copper: Prices hold near records despite Iran risks – Commerzbank
Commerzbank’s Thu Lan Nguyen notes Copper prices are trading close to January’s intraday record despite renewed Iran–US tensions and higher Oil prices. Markets currently anticipate limited economic fallout as long as a Hormuz reopening deal is reached, but prolonged disruption could hurt growth.
Copper prices are likely to remain stable or increase slightly if tensions do not escalate further. However, if disruptions in the Hormuz Strait occur, we could see a decline in prices due to economic concerns.
Commerzbank’s Thu Lan Nguyen notes Copper prices are trading close to January’s intraday record despite renewed Iran–US tensions and higher Oil prices. Markets currently anticipate limited economic fallout as long as a Hormuz reopening deal is reached, but prolonged disruption could hurt growth.
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