What caused copper prices to rebound after Friday's slump?

Copper prices rebounded due to buying activity in China and increased flows of metal to the US, which supported the demand outlook despite Friday's 3% drop on the London Metal Exchange—the largest since mid-March—triggered by stronger-than-expected US jobs growth fueling expectations of a Federal Reserve interest-rate hike.

Why did Friday's US jobs data negatively impact copper prices?

Friday's US jobs data negatively impacted copper prices because it topped all forecasts, strengthening market bets that the Federal Reserve would raise interest rates this year; tighter monetary conditions are expected to slow economic activity and reduce consumption of raw materials like copper and aluminum.

Copper Rebounds From Friday Slump on China-Buying and US Flows

Jun 7, 2026

Copper prices rebounded on the London Metal Exchange, supported by Chinese buying and US import flows ahead of tariff deadlines. Steady demand offsets concerns over US interest rate hikes and rising energy costs.

bloomberg

2026-05-04

Copper Drops as US and Iran Trade Fire in Gulf, Testing Truce

2026-05-12

Copper Rallies Above $14,000 a Ton, Nearing Fresh All-Time High

2026-06-07

Copper Rebounds From Friday Slump on China-Buying and US Flows

2026-06-11

Copper Rallies From Three-Week Low as Trump Flags Iran Deal

2026-06-14

Copper Prices Surge Following US-Iran Peace Deal