Why did copper and aluminum prices rise according to the news?

Copper and aluminum prices rose due to fading expectations of a Federal Reserve interest rate hike, which reduced pressure on industrial demand; additionally, Chinese funds shifted into metal stocks and futures in anticipation of strong first-half earnings for producers, supported by a broader rally in commodities including gold and copper.

What were the specific price movements and levels for copper and aluminum mentioned in the article?

Three-month copper rose 0.3% to $13,402.50 a ton — after gaining as much as 0.7% — extending a 0.3% gain from the previous session that ended a two-week losing streak; aluminum gained 0.5% to $3,107 a ton, recovering from a recent decline linked to expectations of returning Middle East supplies.

Copper and Aluminum Advance on Fading Expectations for Rate Hike

Jul 5, 2026

Copper and aluminum prices climbed on the London Metal Exchange amid fading Federal Reserve rate hike expectations. Chinese funds entered metal futures anticipating strong producer earnings, supporting base metal values across the board.

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