Copper Drops for a 4th Session in Commodity News 29/04/2026 Copper futures in the US were near $5.95 per pound, dropping for a fourth session since testing record highs at $6.12 on April 22nd as the lack progress between Iran and the US in their conflict pressed the outlook on global manufacturing. The exchange of hawkish remarks between both delegations also supported the dollar in the period, pressing the purchasing power for foreign buyers of industrial metals. Still, prices remained relatively close to historical peaks as the conflict also dented supply for copper in the near term. Top producer Chile had its supply under threat as the war in the Middle East halted supplies of sulphur to China, driving China to halt the exports of sulphuric acid that are essential half of Chile’s copper refining. On top of that, major tech companies continued to sign agreements that exponentially increase datacenter construction across major manufacturing centers, supporting the outlook for copper due to its utility in electrification and grid technology. Source: Trading Economics 2026-04-29 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share