Copper Prices Surge as Traders Weigh Prospect of US-Iran Deal (opens original article in a new tab)

Copper prices surged as traders anticipated a potential US-Iran deal, with mining stocks rising and demand outlooks improving.

• Copper prices rose 1.5% to $13,690 a ton on the LME as traders anticipated a potential US-Iran deal.
• Chinese copper miners like Zijin Mining and CMOC saw significant stock gains amid increased trading activity.
• A possible end to the Iran conflict could improve global economic growth outlook, benefiting copper demand.