0343 GMT - Copper fell on profit-taking, after topping $14,000 a metric ton. Nonetheless, market participants remain bullish on copper prices, thanks to long-term demand tied to artificial-intelligence infrastructure, grid modernization and the global energy transition, as well as supply constraints, Tony Sage, CEO of Critical Metals, says in a recent note. The copper market could be exposed to a potential supply deficit over the long term, which could support copper prices, he adds. China's export restrictions on sulfuric acid and Middle East sulfur supply disruptions could create further tightness in the copper market, he says. Three-month LME copper futures are down 1.6% at $13,924.50 a ton. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
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Iron Ore Lower as Price Rally Outpaces Fundamentals -- Market Talk
0240 GMT - Iron ore is lower in early Asian trading. While capital inflows into the broader black metals market have supported prices, iron ore's fundamentals are not strong enough to maintain current levels, according to Nanhua Futures analysts in a research note. Analysts also expect demand to be hurt by seasonal weakness. The most-traded iron-ore contract on the Dalian Commodity Exchange is down 0.8% at 810.5 yuan a ton. (tracy.qu@wsj.com)
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(END) Dow Jones Newswires
05-14-26 1145ET
