Copper fluctuated between gains and losses after President Donald Trump said the The US was nearing a deal with Iran, while both sides continued exchanging threats of further escalation. Copper later fell 0.2% to $13,631 a ton in Shanghai as a firmer

2026-05-21

Copper fluctuated between gains and losses after President Donald Trump said the The US was nearing a deal with Iran, while both sides continued exchanging threats of further escalation. Copper later fell 0.2% to $13,631 a ton in Shanghai as a firmer dollar pressured metals. Markets remain cautious amid the prolonged standoff, with traders awaiting new catalysts after copper hit a record closing price last week on optimism over AI, clean technology and strategic demand.