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Or sign-in if you have an account.An increased reliance on EVs, investments in renewable power, higher defence spending and growing competition to win the AI race are themes that would support copper demand. Photo by GLODY MURHABAZI/AFP via Getty ImagesCopper slipped as traders awaited fresh peace talks between the United States and Iran and the outlook for United States monetary policy as the Federal Reserve takes a hawkish stance on inflation.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorPrices fell 0.6 per cent to US$13,278.50 a metric ton in London. U.S. President Donald Trump said peace talks with Iran are set to resume on Tuesday in Doha, after both sides agreed to halt a series of tit-for-tat attacks over the Strait of Hormuz.Copper is down 2.6 per cent this month, after posting a record close in May. In addition to the Middle East conflict, traders are tracking the outlook for U.S. monetary policy, after Fed policymakers signalled growing support for interest-rate hikes in the coming months to combat sticky U.S. inflation. That stance tends to aid the dollar, posing a headwind for raw materials.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againFed Bank of Richmond President Tom Barkin warned on Sunday that inflation was too high, although he did see tentative signs that price pressures may moderate soon. A report last week showed the personal consumption expenditures index rose 4.1 per cent in the year through May, the most since April 2023.A strong dollar will remain in place amid resilient U.S. economic data, pressuring base metals, said Harry Jiang, a trader at China-Base Ningbo Group Co. An employee monitors molten copper flowing out of an electric furnance before being cast, at a smelting facility in Glogow, Poland. Photographer: John Guillemin/BloombergElsewhere, Goldman Sachs Group Inc. said it saw the Iran conflict ultimately aiding metals demand. An increased reliance on electric vehicles, further investments in renewable power, higher defence spending and growing competition to win the artificial-intelligence race are themes that would support copper demand, analysts including Samantha Dart said in a note.The bank recently raised its end-2026 and average 2027 copper forecasts to US$13,735 a ton and US$13,800 a ton, respectively.All other industrial metals except zinc were lower, with aluminum down 2.9 per cent and nickel falling 2.3 per cent.—With assistance from Mark Burton and Yvonne Yue Li. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.