Commodities

Industrial Metals Tumble as Iran War Fuels Fears Over Economy


Industrial metals tumbled, with aluminum sliding the most since 2022, as the worsening war in the Middle East pushed energy prices higher and increased the risk of damage to the global economy.

Copper slumped 2% in London, giving up its gains for this year, while aluminum sank 4.4% The rout came as escalating attacks in the Persian Gulf threatened long-term damage to major energy facilities, boosting European natural gas and Brent oil prices.



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