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Copper and Aluminum Advance on Fading Expectations for Rate Hike

Copper and Aluminum Advance on Fading Expectations for Rate Hike
Bloomberg Markets Monday 06 July 2026, 03:37 UTC By Charlie Zhu, Winnie Zhu 1 min read
Key Points

Copper and Aluminum Advance on Fading Expectations for Rate Hike Copper rose for a third day and aluminum extended a rebound from a four-month low, supported by fading expectations that the Federal Reserve will raise interest rates. Three-month copper edged higher on the London Metal Exchange, extending a 0.3% gain in the previous session that helped it snap a two-week losing streak. Traders pared bets on tighter monetary policy after Fed Chair Kevin Warsh said last week that price risks...

Copper and Aluminum Advance on Fading Expectations for Rate Hike Copper rose for a third day and aluminum extended a rebound from a four-month low, supported by fading expectations that the Federal Reserve will raise interest rates. Three-month copper edged higher on the London Metal Exchange, extending a 0.3% gain in the previous session that helped it snap a two-week losing streak. Traders pared bets on tighter monetary policy after Fed Chair Kevin Warsh said last week that price risks were coming down, relieving some of the pressure on industrial demand. [Image text:] GEAR UP EOR SAFETY! E.FocThe ob
Aluminum Advance (ORG) the Federal Reserve (ORG) the London Metal Exchange (ORG) Fed (ORG) Kevin Warsh (PERSON)
Originally published by Bloomberg Markets Read original →

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