Comex Copper Sets Fresh Record as China Data Lifts LME Base Metals Complex Despite Iran Risk

COMEX CopperComex copper closed at another record on Monday and the entire London Metal Exchange (LME) base metals board moved higher in official trading, as a firmer Chinese macroeconomic print and strong new-energy vehicle (NEV) demand outweighed an unresolved US/Israel-Iran conflict and a fragile Strait of Hormuz risk premium. With Comex July copper settling at $6.46/lb and three-month LME copper at $13,720/t, the rally is no longer a single-metal story driven by squeezes or positioning — it has become a synchronized base metals re-rating built on Chinese reflation signals, tightening physi...