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Copper falls for third day
Copper prices have declined for the third consecutive time due to rising U.S. inflation, which has strengthened expectations of a rate hike by the U.S. Federal Reserve. This has led to a drop in the metal's price to around $14,330 per ton, after continuous declines driven by higher investment and manufacturing costs. Despite this, copper has increased by over 15% since the beginning of 2026, supported by demand for infrastructure and clean energy. A preliminary agreement between BHP and workers at the Escondida mine in Chile has also alleviated near-term concerns about potential supply disruptions.
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