Copper futures climbed to around $6.4 per pound on Wednesday, extending recent gains as markets cautiously priced in the possibility of a US-Iran peace agreement despite ongoing hostilities in the Middle East. President Donald Trump said negotiations to extend a ceasefire and reopen the Strait of Hormuz are still in progress, while US Secretary of State Marco Rubio cautioned that reaching a final deal could still take several days. Copper was also underpinned by the continued strength in AI-linked technology equities, which has reinforced expectations for stronger industrial demand driven by electrification trends and data center expansion, particularly in wiring and power infrastructure. On the supply side, lingering concerns tied to the Middle East conflict, including potential disruptions to sulfur availability used in copper smelting, added further support to prices.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان