Copper Prices Rise Over 1% Following Trump's Comments on Middle East Conflict

Copper prices have increased by more than 1% after U.S. President Donald Trump suggested that the war in the Middle East could conclude within two to three weeks. According to Jin10, Trump's remarks have sparked a rebound in risk assets, which had previously been heavily impacted by global growth concerns. In March, base metals, excluding aluminum, faced significant downward pressure due to Middle Eastern hostilities disrupting commodity supplies and posing inflationary threats to the global economy. Although Trump's latest timeline is not definitive, his comments have contributed to copper's recovery after a nearly 8% drop last month. Copper had a strong start to the year, reaching a record high of over $14,500 per ton in January.