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Commodities

Dollar Strength Weighs on Industrial Metals Complex

Guavy AI Editorial Team Published September 3, 2026

Instruments

Oil Copper

Copper and zinc took a hit on Wednesday due to a strong dollar and concerns about interest rates staying higher for longer.

Benchmark three-month copper on the London Metal Exchange fell by 0.99% to $14,133.5 per metric ton by 0300 GMT.

The most-traded copper contract on the Shanghai Futures Exchange dropped 1.65% to 107,710 yuan ($16,022.55) per ton.

The dollar held firm after overnight gains, with renewed hostilities in the Middle East pushing oil prices higher and reviving inflation concerns.

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