Copper Jumps as Trump Postpones Strikes on Iranian Energy Assets

Copper climbed after President Donald Trump said the US will postpone planned strikes on Iranian energy infrastructure for five days following the start of talks with Tehran about ending hostilities.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Copper climbed after President Donald Trump said the US will postpone planned strikes on Iranian energy infrastructure for five days following the start of talks with Tehran about ending hostilities.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Trump’s comments caused ructions across financial markets, with stocks and bonds rallying while the dollar tumbled and oil plunged as much as 14%. Copper advanced 3.9% in London, before paring some gains as Iranian news outlets reported that there have been no negotiations with the US.The metal — viewed as a bellwether for the global economy — had earlier slumped to the lowest level in more than three months as the war in the Middle East sapped risk appetite across financial markets and heightened concerns about global inflation and growth.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.The conflict, now in its fourth week, has pushed oil and gas prices higher, threatening to weigh on economic activity worldwide and fuel inflation, potentially forcing central banks to adopt a more hawkish stance on interest rates.Still, traders are also monitoring signs that the recent slump in copper prices has stoked demand in China, with inventories declining sharply over the past week, according to Mysteel Global. Refined copper inventories across the country fell by 78,700 tons in the week through Monday to 486,200 tons, in the biggest weekly drop this year, the researcher said.Copper was 1.2% higher at $12,076 a ton as of 12:17 p.m. on the London Metal Exchange. Other metals were mixed, with aluminum down 0.8% while tin gained 1%.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.