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Copper Loses 2026 Gains Amid US-Iran Conflict Roiling Metal Markets
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Copper Plunges as US-Iran War Roils Metals Markets, Global Economy Fears Mount
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CNBC TV18
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19-03-2026, 11:36
Copper Plunges as US-Iran War Roils Metals Markets, Global Economy Fears Mount
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Copper fell to its lowest since December, shedding over 8% this month, due to escalating Middle East conflict and rising energy prices.
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Iran and Israel traded strikes on energy facilities, including Iran's South Pars gas field and the world's largest LNG plant.
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US President Donald Trump urged de-escalation amidst soaring oil prices and severe selling pressure on risk assets.
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Concerns over economy and inflation are rising, with elevated crude oil prices potentially impacting interest rates.
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Chinese demand for metals, already soft, might see some buying interest after price drops, helping inventory drawdowns.
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