{
  "id": 6110345,
  "title": "Copper slips after 10-week rally as Fed rate-hike bets rise",
  "url": "https://urgent.news/2026/09/07/copper-slips-after-10-week-rally-as-fed-rate-hike-bets-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T06:47:19.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40438286/copper-slips-after-10-week-rally-as-fed-rate-hike-bets-rise"
  },
  "original_language": "en",
  "account": "London copper prices slipped on Monday following a 10-week rally, as traders grew more optimistic about a Federal Reserve rate hike following stronger-than-expected jobs data. The three-month copper price on the London Metal Exchange fell 0.27% to $14,377 per metric ton, while the dominant copper contract on the Shanghai Futures Exchange remained unchanged at 109,110 yuan ($16,257.41) per ton.\n\nUS nonfarm payrolls data for August showed an increase of 162,000 jobs, surpassing economists' predictions of a 56,000 job gain. The unemployment rate remained unchanged. These figures fueled expectations of a September Federal Reserve rate increase, although the US dollar found it challenging to build on its Friday gains in Asian trading sessions.\n\nAnalysts at Chinese broker Galaxy Futures noted that copper prices have been volatile due to mixed signals regarding Federal Reserve rate hikes and the persistent uncertainty surrounding potential LME short squeezes. The COMEX-LME price gap has narrowed to just above $300 per ton, and the proportion of cancelled LME warrants has decreased. Nonetheless, persistent demand for copper in the US due to potential import tariffs continues to deplete inventories in other regions.\n\nRecord-high US copper imports in July contributed to the decline. Warehouse inventories monitored by the Shanghai Futures Exchange dropped by 13% to 63,000 tons last week, the lowest level since January 2024. LME copper stocks also decreased by 475 tons by Thursday. Alumina, nickel, zinc, tin, and lead all experienced slight declines or negligible changes on both the London Metal Exchange and the Shanghai Futures Exchange.",
  "summary": "London copper was marginally lower on Monday after posting a 10th consecutive weekly gain supported by thin availability outside the US, as stronger-than-expected jobs data lifted expectations of a Federal Reserve rate hike. Three-month copper on the London Metal Exchange fell 0.27% to $14,377 a metric ton by 0334 GMT, while the most-traded copper contract on the Shanghai Futures Exchange was…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Asian stocks rally as chipmakers surge, oil and Fed bets keep risks in view",
        "url": "https://urgent.news/2026/09/07/asian-stocks-rally-as-chipmakers-surge-oil-and-fed-bets-keep-risks-in",
        "published": "2026-09-07T03:45:52.000Z"
      },
      {
        "outlet": "Hellenic Shipping News",
        "title": "Asian stocks rally as chipmakers surge, oil and Fed bets keep risks in view",
        "url": "https://urgent.news/2026/09/07/asian-stocks-rally-as-chipmakers-surge-oil-and-fed-bets-keep-risks-in-6126034",
        "published": "2026-09-07T10:00:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}