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Copper Traders Eye Middle East Peace Talks Amid US Premium Demand

Copper prices moved cautiously as market participants assessed the viability of US-Iran peace negotiations. The metal's direction remained tied to whether the fragile ceasefire in the Middle East could solidify into a lasting agreement. Traders expressed uncertainty about the talks' ultimate success and remained unwilling to commit to major positions until clarity emerged. Separately, demand for copper in the US market continued to support prices, with a notable premium attached to domestic supplies. Asian equities gained ground on optimism surrounding the potential deal, reflecting broader market sentiment that a resolution could stabilize commodity prices. Price movements remained modest as the market awaited concrete developments in negotiations.