<div id="readability-page-1" class="page"><div><p>Copper prices fell to a three-week low as escalating conflict in the Middle East heightened market concerns over accelerating inflation, rising interest rates and a slowdown in economic growth. Analysts at Everbright Futures said that due to the intensified conflict, the market expects the Federal Reserve to raise interest rates, putting pressure on base metal prices. Meanwhile, volatility in copper prices has kept Chinese buyers cautious ahead of the summer off-season.</p><p>On the London Metal Exchange, copper once dropped to USD13,378 per ton, the lowest level since May 20. Zinc fell 1%, while aluminum rose 0.5% after plunging 2.3% on Wednesday (10th). (mn/da)</p></div></div>

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<p>Copper prices hit a three-week low on the London Metal Exchange, dropping to USD13,378 per ton, driven by escalating US-Iran conflict. Market concerns over accelerating inflation, rising interest rates, and economic slowdown have pressured base metals. Analysts expect the Federal Reserve to raise rates, while Chinese buyers remain cautious ahead of the summer off-season.</p>

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Copper Hits Three-Week Low as US-Iran Conflict Escalates