Copper, Aluminum Extend Retreat as Israel-Lebanon Ceasefire Faces Hezbollah Hurdle
Updated
Updated · Bloomberg · Jun 4
Copper, Aluminum Extend Retreat as Israel-Lebanon Ceasefire Faces Hezbollah Hurdle
3 articles · Updated · Bloomberg · Jun 4
Summary
Copper and aluminum fell further, surrendering part of the sharp gains they made earlier this week.
Middle East uncertainty kept pressure on metals as Donald Trump continued a fraught push for an Iran peace deal and traders questioned whether de-escalation would hold.
Israel and Lebanon agreed to a conditional ceasefire, but the step toward a broader regional resolution still depends on Hezbollah halting its fighting.
A pullback in technology stocks also weakened broader risk appetite, adding to the retreat across industrial metals.