Peace talks push up metal prices

Copper and industrial metal prices on the London Stock Exchange rose after Tehran announced progress in peace talks with the United States in Switzerland, which raised expectations of a recovery in oil tanker traffic through the Strait of Hormuz and alleviated global inflation pressures. Copper prices increased by 1.1%, surpassing $13,700 per ton, amid inventory levels dropping to a three-month low. Prices of other key metals increased by more than 1%, with a jump of over 3% in tin prices.

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