Copper Falls to $13,350 as Middle East War Stokes Hawkish Inflation Fears
Updated
Updated · Bloomberg · May 20
Copper Falls to $13,350 as Middle East War Stokes Hawkish Inflation Fears
3 articles · Updated · Bloomberg · May 20
Copper slipped as much as 0.5% to $13,350 a ton in London, its lowest since May 8, as industrial metals extended a risk-off move.
Inflation fears tied to the Middle East war drove the selloff, with traders worrying central banks could turn more hawkish to contain price pressures.
Iron ore futures in Singapore fell as much as 0.9% to $106.80 a ton, marking a fifth straight day of declines alongside copper's retreat.
The move points to broader pressure on growth-linked commodities as markets reassess how war-driven inflation could tighten global financial conditions.
With a key strait blocked, will hawkish central banks crush metal demand before global supply chains completely break?
As copper prices fall, is the AI industry ignoring a looming supply crisis for its data center boom?