Metal Prices Decline as Trump Reiterates Threat Against Iranian Power Facilities
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Metals Plunge as Trump Threatens Iran Power Plants Amid Escalating Tensions
M
Moneycontrol•02-04-2026, 11:34
Metals Plunge as Trump Threatens Iran Power Plants Amid Escalating Tensions
•Industrial metals, including copper, fell after US President Donald Trump reiterated threats to attack Iran's civilian infrastructure.
•Trump stated the US could target "each and every one" of Iran's power plants if negotiations fail, despite claiming military operations were "very close" to completion.
•The escalating risks sent copper, aluminum, and zinc lower, while oil futures surged.
•Metals markets are shaken by Middle East supply disruptions and the prospect of an oil shock impacting global demand.
•Copper dropped 1.2% on the London Metal Exchange, aluminum fell 0.9%, and zinc dropped 1.7%.