During Asian trading, three-month LME copper slipped 0.2% to $14,442/tonne. Inflation and prospects for tighter monetary policy weighed on sentiment. Markets have grown more certain the Fed will hold rates this week, while rising oil pushed the market-implied probability of a December Fed rate hike above 90%, adding further pressure on copper. Potential U.S. tariffs on refined copper could provide limited support to prices.

2026-10-28

During Asian trading, three-month LME copper slipped 0.2% to $14,442/tonne. Inflation and prospects for tighter monetary policy weighed on sentiment. Markets have grown more certain the Fed will hold rates this week, while rising oil pushed the market-implied probability of a December Fed rate hike above 90%, adding further pressure on copper. Potential U.S. tariffs on refined copper could provide limited support to prices.