Industrial Metals Slide as Inflation Fears Fuel Bearish Mood
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Article Excerpt
Article content (Bloomberg) — Copper edged lower and iron ore declined for a fifth day as concerns mount that global central banks will take a hawkish turn to fight inflation stemming from the war in the Middle East. Article content The red metal fell as much as 0.5% to touch $13,350 a ton in London, its lowest since May 8, while iron ore futures shed as much as 0.9% to hit $106.80 a ton in Singapore. Article content Article content Turmoil in global bond markets has dragged metals lower as the stalemate between the US and Iran threatens to intensify the energy shock sweeping the world. Treasu…
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Jun 3, 2026