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Copper Is 21% Higher Than a Year Ago. The Iran Deal Did Not Change the Structural Story.
Copper closed at $6.14 per pound on June 26, 2026, up 21.23% from a year earlier according to Trading Economics data. Over the past month, the price has softened 2.63% as hawkish Federal Reserve expectations, and a stronger US dollar created headwinds for dollar-priced commodities. But