COMMODITY
Copper futures trade down on Monday
Mar-16-2026
Copper futures were trading down on Monday as the Middle East conflict entered its third week. The Federal Reserve is indeed widely expected to hold interest rates steady in the 3.5% to 3.75% range at the conclusion of its two-day meeting on Wednesday, March 18, 2026, amid rising inflation concerns driven by oil prices exceeding $100 a barrel. Despite the recent dip, the long-term outlook remains bullish due to a projected global refined copper deficit of approximately 330 kmt for 2026.

Copper futures for May delivery fell $0.0110 or 0.19% at $5.7460 a pound on the Comex metals division of New York Mercantile Exchange.

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