Copper and other base metals fell as investors focused on the uncertainty
surrounding US-Iran negotiations to end the war. Despite ongoing US talks, Iran
rejected President Trump’s outreach, raising concerns about inflation and global
industrial slowdowns, which clouded the demand outlook for metals. Traders like
Aces Zhou are holding off on base metals futures until the geopolitical
situation clears. However, recovering demand in China, driven by strong exports,
is keeping some investors optimistic. Copper prices have dropped 8% this month
due to the conflict.