Latest news and articles about metal markets from NEX English
Copper prices in London fell after reaching a three-week high, driven by uncertainties surrounding the stability of the ceasefire between the U.S. and Iran. This situation negatively impacts global economic growth forecasts.
Iran's recent attacks on aluminum producers in the Middle East have caused prices to surge to levels not seen since 2022, raising concerns over a potential supply crisis. The strikes targeted major facilities in the Gulf, resulting in significant damage and market uncertainty.
Gold prices fell by more than 1% on Thursday, ending a four-day winning streak, following U.S. President Donald Trump's escalatory remarks towards Iran. This decline reflects a reassessment of risks in global markets.
Gold prices saw a slight increase today, supported by a decline in the dollar, but are on track for their worst monthly performance in over 17 years due to rising energy prices. Prices have dropped approximately 14% since the beginning of the month.
Aluminum prices have risen by <strong>6%</strong> in global markets after Iran targeted two key production sites in the Middle East, threatening to deepen the supply crisis in this vital production region.