Copper resumed losses after a brief rebound as Middle East war fears fueled global inflation and growth concerns. Industrial metals fell despite Monday’s spike on Trump’s postponed strikes. Rising oil prices threaten global activity and inflation. Copper is down 10% this month on the LME, attracting Chinese buying, while inventories in the top-consuming country fell sharply last week.

2026-03-24

Copper resumed losses after a brief rebound as Middle East war fears fueled global inflation and growth concerns. Industrial metals fell despite Monday’s spike on Trump’s postponed strikes. Rising oil prices threaten global activity and inflation. Copper is down 10% this month on the LME, attracting Chinese buying, while inventories in the top-consuming country fell sharply last week.