{"id":71597,"date":"2026-03-27T18:28:58","date_gmt":"2026-03-27T18:28:58","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/03\/27\/copper-set-for-best-week-since-war-began-amid-demand-from-china\/"},"modified":"2026-03-27T18:28:58","modified_gmt":"2026-03-27T18:28:58","slug":"copper-set-for-best-week-since-war-began-amid-demand-from-china","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/03\/27\/copper-set-for-best-week-since-war-began-amid-demand-from-china\/","title":{"rendered":"Copper set for best week since war began amid demand from China"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"Markets making wrong call on interest rates.\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/s-Ai9BBsmEY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><\/p>\n<p> Copper inched higher<\/p>\n<p>                         \u2014 heading for its first weekly gain this month \u2014 amid signs of rebounding <\/p>\n<p>                        Chinese demand<\/p>\n<p>                         even as war in the Middle East continues to roil markets. <\/p>\n<p> Most industrial metals<\/p>\n<p>                         were steady or higher on Friday, after President Donald Trump again pushed back a deadline for Iran to strike a deal or face more attacks. However, there\u2019s no sign of Tehran accepting Washington\u2019s demands for a ceasefire, and it continues to exchange missile fire with the United States and Israel. <\/p>\n<p> The conflict, which is nearing its one-month mark, has <\/p>\n<p>                        dented the outlook<\/p>\n<p>                         for economic growth, weighing on base metals. <\/p>\n<p>                        Aluminum has been the exception<\/p>\n<p>                        , given that the effective closure of the Strait of Hormuz has throttled about nine per cent of all supply. <\/p>\n<p><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/qw_Copper_Picks_Up_This_Week_2C_After_War-Driven_Declines.jpg?ssl=1\" title=\"\" \/><\/p>\n<p> \u201cDespite all the claims from the U.S. side, there is hardly any easing of tensions in reality,\u201d said Harry Jiang, a trader with China-Base Ningbo Group Co. \u201cMany traders are taking a wait-and-see approach.\u201d <\/p>\n<p> Investors are also monitoring the extent of a recovery in Chinese copper demand. The price slump has boosted orders from fabricators, and inventories held in <\/p>\n<p>                        Shanghai Futures Exchange<\/p>\n<p>                         warehouses this week posted the second-biggest decline on record. <\/p>\n<p> For aluminum, Japanese buyers agreed to pay the highest premium in 11 years after the Iran war disrupted supplies, a cost that\u2019s likely to stoke inflationary pressure at the factories which use the metal. <\/p>\n<p> Copper added 0.3 per cent to US$12,187.50 a ton by 4:31 p.m. on the London Metal Exchange, on course for a weekly gain of 2.2 per cent. Aluminum gained 0.8 per cent, extending a weekly increase. <\/p>\n<p> <em>\u2014With assistance from Mark Burton and Jack Ryan.<\/em> <\/p>\n<p> Bloomberg.com <\/p>\n<ul class=\"related_links\">\n<li>Copper jumps as Trump postpones strikes on Iranian energy assets<\/li>\n<li>Markets are underpricing this commodity shock<\/li>\n<\/ul>\n<p><iframe loading=\"lazy\" title=\"How to hedge against market volatility\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/7-4Cu6oq51E?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><br \/>\n<br \/>\n<br \/>Copper set for best week since war began amid demand from China<\/a><br \/>\n<br \/>2026-03-27 18:28:58<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Copper inched higher \u2014 heading for its first weekly gain this month \u2014 amid signs of rebounding Chinese demand even as war in the Middle East continues to roil markets&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":71598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2026\/03\/0328-mg-copper.jpg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-71597","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=71597"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/71597\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/71598"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=71597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=71597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=71597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}