14:47 - 10.07.2026

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July 10, Fineko/abc.az. Copper and iron ore ended the week higher despite tensions in the Middle East. Investors ignored risks to demand, and markets recovered losses from US strikes on Iran.

Copper rose 1% over the week (up to $13,519 per ton on the London Metal Exchange), marking a second consecutive gain. At the same time, it remains in a narrow range, despite the threat of supply disruptions through the Strait of Hormuz.

Iron ore gained 1.6% and exceeded $99 per ton. The increase was supported by the risk of supply disruptions due to a possible strike at the BHP Group terminal in Australia.