Copper Erases 2026 Gains as Iran War Hits Metals Markets, Despite Record-High Rally

Copper surrendered its year-to-date gains this week as escalating strikes between Iran and Israel rattled global energy markets and stoked fears of an economic slowdown, reversing one of the red metal’s most powerful bull runs in recent memory. The London Metal Exchange’s three-month copper benchmark fell to around $12,955 per tonne — down roughly 3.6% […] The post Copper Erases 2026 Gains as Iran War Hits Metals Markets, Despite Record-High Rally appeared first on the deep dive.