Copper price forecast 2026global copper demand
Low Stock Concerns Put Copper On Track For A Monthly Rise
Friday saw minimal movement in copper prices, which are expected to increase by 3% in July.
Z
Zarea Limited3 Aug 2026
Loading news…
Friday saw minimal movement in copper prices, which are expected to increase by 3% in July.
_2026-07-31_16-16-34.jpeg)
By 02:15 GMT, Brent futures had dropped $1.03, or 1.2%, to $88 per barrel.
At $4,080.38 per ounce, spot gold was up 0.4%.
On Monday, oil prices dropped, reaching their lowest points in more than a week. Following the US's sudden halt to its airstrike campaign against Iran.
At $88.87 a barrel, Brent oil futures dropped 35 cents, or 0.4%.
Due to worries over shipping disruptions in the Strait of Hormuz, nickel reached a three-week high on Thursday.