12:14 - 11.06.2026

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June 11, Fineko/abc.az. Copper prices have fallen to their lowest level in three weeks due to the escalation of the conflict between the U.S. and Iran, which has increased concerns about the global economy.

ABC.AZ informs that quotations on the London Metal Exchange dropped to ~$13,400 per ton, while other industrial metals were under pressure.

Additional factors contributing to the decline are rising oil prices and accelerating inflation, which may lead to higher interest rates for a longer period of time. This is holding back investment and industrial activity, which are key to copper demand.

The negative situation is amplified by the situation in China: the largest consumer of metal is reducing purchases amid market volatility and a seasonal downturn in business activity.