Peace talks boost copper prices
Copper and industrial metals prices have risen significantly following reports of progress in Iran-U.S. peace talks in Switzerland. Copper prices increased by 1.1%, reaching $13,737.50 per ton, while commodity inventories sharply declined to their lowest levels in three months. Tin prices jumped by over 3%. Additionally, nickel and zinc prices rose by more than 1%, reflecting optimism about the resumption of traffic through the Strait of Hormuz and a easing of global inflationary pressures.
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