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Sandfire Resources, Capstone Copper Shares Fall as Copper Price Hits Three-Week Low

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Sandfire Resources (ASX:SFR) shares were marginally lower in recent Thursday trade, while Capstone Copper (ASX:CSC) fell past 1%, after the price of copper declined to a three-week low amid renewed clashes in the Middle East.

The US carried out retaliatory strikes against Iran in a move that generated fresh uncertainty for inflation, borrowing costs, and economic growth, Bloomberg reported.

The price of copper dropped 0.6% to $13,431 per ton on the London Metal Exchange just ahead of midday in Shanghai, and earlier fell to $13,378 to hit its lowest level since May 20, according to the report.

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