empty
 
 

2026.03.2704:18:55UTC+00Copper Firms Up on Ceasefire Hopes

Copper climbed above $5.50 per pound on Friday and was on track for its first weekly gain since the start of the Middle East conflict, buoyed by optimism over a potential diplomatic breakthrough between the US and Iran. President Donald Trump extended by 10 days the deadline for possible strikes on Iranian energy infrastructure to allow more time for negotiations, noting that Iran had allowed 10 oil tankers to transit the Strait of Hormuz this week as a gesture of goodwill. Even so, reports indicated that the Pentagon is weighing the deployment of up to 10,000 additional ground troops to the region, a move that would give the White House greater leverage in talks. Copper and other industrial metals have faced pressure this month as the conflict-related disruptions and surging energy prices have intensified worries about inflation and a slowdown in global industrial activity.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback