Copper Prices Pull Back Amid Geopolitical Tensions
Copper prices have retreated from recent peaks on the London Metal Exchange as investors respond to growing geopolitical uncertainty in the Middle East and broader economic concerns. Although long-term demand fundamentals remain strong, short-term risks linked to potential U.S. trade measures and changing inventory patterns are creating uncertainty for the market. Three-month copper contracts recently traded at $13,731.58 a ton, roughly 0.5% lower than the previous session. The decline follows a broader pullback across base metals, including aluminum, as investors adopt a more cautious stance amid geopolitical risks and weakness in technology-related equities. Analysts note that the market is being pulled in opposite directions. Supply-side concerns and expectations of tighter availability had previously supported…