Archive · 17 Jun 2025
Copper Prices Fall Amidst Middle East Tensions
Copper prices went down in London because of worries about the conflict between Israel and Iran and a strong US dollar.
However, the price went up in India.
Investors are being cautious because of the conflict.
Good sales data from China helped copper prices a little.
There isn't as much copper available as before, which might make the price go up.
Copper prices fell on the LME due to escalating Israel-Iran tensions and a stronger US dollar.
MCX copper prices, however, rose on the domestic front.
The escalation in the Israel-Iran conflict has driven investors away from risk assets.
Better-than-expected retail sales data from China offered some support to copper prices.
LME copper inventories have dropped to a one-year low, suggesting tighter supply conditions.
- Who
- Investors and traders
- What
- Copper prices declined on the London Metal Exchange but rose on the Multi Commodity Exchange.
- When
- Tuesday
- Where
- Global markets and domestic Indian markets
- Why
- Escalating tensions between Israel and Iran, a stronger US dollar, and Chinese retail sales data.
Factors Affecting Copper
Market Dynamics
Market Drivers
Factors Affecting Copper
Impact of geopolitical tensions, which decreases price.
Market Dynamics
Stronger than expected retail sales data from China, which increases prices.
- LME Copper Price
- $9,677 per metric ton
- MCX Copper Rate
- ₹880.20 per kg
- US Dollar Index
- Strengthened 0.3%
- LME Copper Inventories
- 114,475 metric tons
- Gold Price
- $3,392.29 an ounce
Sources
Gold prices retreat as traders secure profits after near 2-month high
LME copper price recovers despite escalation in Israel-Iran war, mixed China data; MCX copper price gains
Why is gold not in panic mode yet amid the Israel-Iran war?
Gold Surges To Record Rs 1.01 Lakh Per 10g; Time To Book Profits Or Stay Invested?
What has triggered the breakout rally in Silver?
Israel Iran war: Gold price hits record high; where's the yellow metal headed?
Gold prices cross ₹1 lakh mark: Can they rise further? Experts share short-term targets
Rupee rises 7 paise to close at 86.04 against US dollar
Gold price today: MCX Gold dropped 1.44% to ₹98,825 as early gains wore off amid Israel-Iran conflict
Global markets recover on Iran ceasefire reports, central banks in focus
