12:06 - 21.05.2026

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May 21, Fineko/abc.az. Copper quotes fluctuate in a narrow range after Trump's statement that negotiations with Iran are in the final stages. At the same time, the two countries continue to exchange threats of a new escalation of the conflict.

ABC.AZ informs, referring to Bloomberg, after the initial rise, metals came under pressure due to slight strengthening of the US dollar. By 11:04 a.m. on Shanghai time, copper fell 0.2% to $13,631 per ton. The other metals also did not show clear dynamics, trading sideways for several days.

Donald Trump has announced progress in negotiations with Iran, but warned of a possible resumption of strikes if no agreement is reached. Iran responded by threatening a larger-scale reaction.

Amid the tension, metal markets remain on hold: copper previously updated its historical maximum due to demand from AI and green energy. At the same time, iron ore in Singapore fell to $106.45 per tonne, declining for the sixth consecutive session due to rising supplies and slowing steel sales in China.