LME Copper Price Today: London Copper Falls on Stronger Dollar, Israel-Airan War in Focus; MCX Copper Price Trades Lower

Copper prices in the International Market Continues to Trade in Red on Cex Ongoing Tensions Between Israel and Iran, Weeking Investors Confidence.

On the London Metal Exchange (LM), Copper Price was down 0.56% at $ 9,601.5 per metric ton. However, Copper Pries on the Shanghai Futures Exchange (Shfe) Declined Up 0.39% to 78,310 yuan per metric ton.

Back Home, The Red Metal on Multi-Commodity Exchange (MCX) Also Traded Flat. MCX copper price was down 0.32 per cent to 877.05 per kg, as compared to previous close of 879.90 per kg.

What’s behind the plunge?

The dollar strengthened, supported by increase-han demand amid rising concerns over a wider conflict in the middle East and Potential Us Involvement.

According to analysts, lme copper inventories have also halved this year, reflected both robust chinese demand and supply disrupties across major mining regions influencing Major Drawdowns. Copper Supply Remained Constrained, With Inventories in Lme-Registered Warehouses Falling to 107,350 Tons-A 60% Decline Since March-Marking their lowest level Since May 2024, SS PER REPORTS

Investors Remained Focused on Escalating Middle East Tensions, as Us President Donald Trump Continued to Keep Markets Uncertain About Whither Washington count Nuclear facilities, with the conflict now in its seventh day.

Where’s Copper Price Headed?

According to Motilal Oswal Report, MCX Copper has given a breakout Above the descending trend line on daily chart, confirming resumption of the prevailing bulish trend.

“Price Action Continues to Display a Classic Bulish Structure, Marked by a Sequence of Higher HIGHS and Higher Lows. Additional, 14-Period RSI on the DAILY Chart Is HOWS Strengthening Bullystum, “The Brokerage Firm said in a note.

The firm further recommended investors to buy in the range of 882 – 880, with a Stop-Loss Below 855 on a closing Basis and UPSide Targets at 915.

Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.