Copper Prices Soar Amid US Sanctions on Russia

Copper prices have surged as the US imposes broad sanctions on Russia and Iran, potentially disrupting Russian copper exports and increasing demand for alternative sources.

The sanctions, signed into law by the US President on September 21, 2026, target entities dealing with Russian companies, introducing secondary sanctions that could further constrain global copper supply.

Copper trades in a bullish trend, with prices currently at $6.8313 and an expected range of $6.69 to $6.9726. Momentum signals indicate strong upward probability, with indicators such as MACD and ADX showing buy signals.