financetom
World
financetom
/
World
/
METALS-London metals ease on dollar strength; Middle East conflict in focus
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
METALS-London metals ease on dollar strength; Middle East conflict in focus
Jun 19, 2025 1:06 AM

(Updates prices to Asia market close)

By Hongmei Li and Michele Pek

SINGAPORE, June 19 (Reuters) - London metals dropped on

Thursday as a stronger dollar weighed on prices, with markets

focused on developments in the Israel-Iran conflict.

The LME's three-month copper was down 0.52% at

$9,605 per metric ton, as of 0715 GMT.

LME aluminium slipped 0.6% to $2,532, while tin

lost 0.8% to $32,100, zinc shed 0.8% to

$2,615.5, lead inched 0.18% lower to $1,989.5, and

nickel was flat at $15,050.

The dollar firmed, buoyed by safe-haven demand due to the

looming threat of a broader conflict in the Middle East and

possible U.S. involvement.

A higher dollar usually makes greenback-priced commodities

more expensive.

Investors closely watched tensions in the Middle East

tensions as U.S. President Donald Trump kept the world guessing

about whether Washington would join Israel's bombardment of

Iranian nuclear sites as the conflict entered its seventh day.

In the longer term, "any sustained spike in energy prices is

likely to ultimately weigh on the copper market due to the

higher cost to producers," ANZ said.

Copper supply was tight, with stocks in

LME-registered warehouses at 107,350 tons dropping 60% since

March, and are at their lowest since May 2024.

SHFE's most-traded copper contract lost 0.39%

to 78,310 yuan ($10,891.36) a ton.

SHFE nickel gained 0.46% to 118,890 yuan a ton and

lead gained 0.53% to 16,925 yuan, while tin

inched down 0.05% to 263,300 yuan, aluminium eased

0.24% to 20,585 yuan, and zinc shed 0.59% to 21,865

yuan.

For the top stories in metals and other news, click

or

DATA/EVENTS (GMT)

1100 UK BOE Bank Rate June

($1 = 7.1901 Chinese yuan)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European shares open lower as tech losses weigh
European shares open lower as tech losses weigh
Jun 21, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) June 21 (Reuters) - European shares opened lower on Friday, with technology shares at the helm of the selloff, while Danish brewer Carlsberg Group slumped after British soft drinks maker Britvic ( BTVCF ) rejected its $3.9 billion revised takeover...
Volatile rouble extends losses after sharpest daily drop since July 2022
Volatile rouble extends losses after sharpest daily drop since July 2022
Jun 21, 2024
MOSCOW, June 21 (Reuters) - The Russian rouble weakened against the dollar in low liquidity on Friday, extending losses after its sharpest daily fall since July 2022 in the previous session, as markets reacted to last week's U.S. sanctions on key financial systems after some initial appreciation. The sanctions on Moscow Exchange and its clearing agent, the National Clearing Centre...
SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST
Jun 21, 2024
MUMBAI, June 21 (Reuters) - STOCKS: The benchmark BSE Sensex fell 430.56 points, or 0.56%, to 77,048.37, while the broader NSE index lost 104.95 points, or 0.45%, to 23,462.05, as a decline in banks outweighed the rise in information technology stocks fuelled by Accenture's ( ACN ) upbeat revenue growth forecast. RUPEE: The Indian rupee strengthened 0.09% versus the U.S....
EMERGING MARKETS-Asian currencies muted on robust dollar, rupiah at 4-year low
EMERGING MARKETS-Asian currencies muted on robust dollar, rupiah at 4-year low
Jun 21, 2024
* Indonesian rupiah hits lowest since April 2020 * South Korean stocks snap a three-day rally * Taiwan shares on track for best week since early March (Updates at 0625 GMT) By Rajasik Mukherjee June 21 (Reuters) - Most emerging Asian currencies were subdued on Friday, with the Indonesian rupiah touching a fresh four-year low as the Federal Reserve's reluctance...
Copyright 2023-2025 - www.financetom.com All Rights Reserved