Copper drops for third day

Copper prices in the global markets have declined for the third consecutive day, influenced by rising US inflation data and expectations of a rate hike by the Federal Reserve, which increased speculation of monetary tightening. Copper prices fell by 1.1% on the London Metal Exchange, reaching $14,329.50 per ton, amid a risk-off wave and declining stock markets, despite copper remaining over 15% higher since the start of 2026 due to future demand in clean energy infrastructure and artificial intelligence sectors. The declines accelerated after BHP reached an understanding not to strike at one of Chile's largest copper mines, alleviating some concerns over potential supply disruptions.

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