Copper Heads for Weekly Loss as Doubts on US Tariffs Intensify

Iron ore is facing its steepest weekly loss since June, driven by deteriorating steel mill margins and seasonally weak hot metal output. Simultaneously, copper is heading for its first weekly loss since June. This decline is fueled by intensifying concerns that the US may be delaying a decision regarding the imposition of import tariffs. Both commodities are experiencing downward pressure as market uncertainties and operational margins impact their respective global performance and pricing trends.