Industrial Metals Steady as US, Israel Try to Reassure on War - Bloomberg
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By Bloomberg News
March 20, 2026 at 2:27 AM UTC
Updated on March 20, 2026 at 12:14 PM UTC
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Copper and other industrial metals traded in a narrow range as the US and Israel tried to ease concerns about the deepening conflict in the Middle East,
The war in the Persian Gulf has dented the demand outlook for industrial metals, with copper and aluminum selling off heavily on Thursday on fears that higher energy prices would result in a global economic slowdown. The conflict has also roiled markets by threatening a wave of supply disruptions, especially in a global aluminum market that gets about a 10th of output from the region.