Trump said a US‑Iran agreement could be signed as soon as this weekend, though Iran has not confirmed the claim; the potential ceasefire lifted copper from its lowest close since mid‑May. All six major London Metal Exchange contracts rose and Asian shares ticked higher. Copper is seen as a beneficiary of AI, power grid and renewables investment, but Jefferies warned earlier this week that a global recession is the main downside risk to a bullish copper view. As of 10:35 a.m. Beijing time, copper

Trump said a US‑Iran agreement could be signed as soon as this weekend, though Iran has not confirmed the claim; the potential ceasefire lifted copper from its lowest close since mid‑May. All six major London Metal Exchange contracts rose and Asian shares ticked higher. Copper is seen as a beneficiary of AI, power grid and renewables investment, but Jefferies warned earlier this week that a global recession is the main downside risk to a bullish copper view. As of 10:35 a.m. Beijing time, copper was up 1.2% at $13,643.50/tonne, aluminum +0.8%, zinc +0.7%.