financetom
World
financetom
/
World
/
METALS-Copper rises on Middle East truce
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
METALS-Copper rises on Middle East truce
Jun 25, 2025 4:16 AM

(Recasts, changes dateline and updates prices)

By Polina Devitt

LONDON, June 25 (Reuters) - Copper prices rose on

Wednesday supported by a tentative ceasefire between Iran and

Israel, which improved the overall market sentiment, and a

stronger yuan currency in top metals consumer China.

Three-month copper on the London Metal Exchange was

up 0.3% at $9,696.50 a metric ton by 1034 GMT.

The ceasefire brokered by U.S. President Donald Trump

appeared to be holding on Wednesday a day after both countries

signalled that their air war had ended, at least for now.

China's yuan edged higher against the U.S. dollar, nearing

its strongest level in a month. A stronger yuan makes

dollar-priced metals more attractive for Chinese buyers.

Providing further support, data by the International Copper

Study Group (ICSG) showed that the global refined copper market

was in a 50,000 tons deficit in April, compared with a 12,000

metric tons surplus in March.

For the first four months of the year, the market was in a

233,000 tons surplus, broadly unchanged from the same period a

year earlier, it added.

In other LME metals, lead rose 1.4% to $2,047.50 a

ton after hitting a three-month high of $2,049. China's lead

smelters have raised their offerings for used electric bike

batteries, in preparation for better lead demand in summer

months, and this helps primary lead prices too, a Shanghai-based

metals analyst said.

LME aluminium fell 0.5% to $2,566.50 as the

Iran-Israel ceasefire removed the immediate threat to the Strait

of Hormuz shipping lane for Middle East aluminium producers.

Zinc rose 0.8% to $2,703, tin gained 0.6% to

$32,420 and nickel climbed 0.6% to $15,005.

(Reporting by Polina Devitt, additional reporting by Hongmei

Li; Editing by Shailesh Kuber

Editing by)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JGB yields rise on renewed bets for BOJ's rate hike
JGB yields rise on renewed bets for BOJ's rate hike
Feb 26, 2025
TOKYO, Feb 27 (Reuters) - Japanese government bond (JGB) yields rose on Thursday as bets on the Bank of Japan's early interest rate hike revived, after heavy bond buying was triggered this week, following the comments by the central bank's governor Kazuo Ueda. The 10-year JGB yield rose 3 basis points to 1.395%. The two-year JGB yield rose 2 bps...
MORNING BID EUROPE-Trump tariffs take spotlight as Nvidia neither hot nor cold
MORNING BID EUROPE-Trump tariffs take spotlight as Nvidia neither hot nor cold
Feb 26, 2025
A look at the day ahead in European and global markets from Kevin Buckland It could be taken as testament to the market's laser focus on the health of the U.S. economy - and the threat from Donald Trump's trade wars - that even the financial report card from AI poster child and market bellwether Nvidia ( NVDA ) came...
Morning Bid: Trump tariffs take spotlight as Nvidia neither hot nor cold
Morning Bid: Trump tariffs take spotlight as Nvidia neither hot nor cold
Feb 26, 2025
A look at the day ahead in European and global markets from Kevin Buckland It could be taken as testament to the market's laser focus on the health of the U.S. economy - and the threat from Donald Trump's trade wars - that even the financial report card from AI poster child and market bellwether Nvidia ( NVDA ) came...
Japan's Nikkei rises, but Advantest drags despite Nvidia growth outlook
Japan's Nikkei rises, but Advantest drags despite Nvidia growth outlook
Feb 26, 2025
(Updates with closing prices) TOKYO, Feb 27 (Reuters) - Japan's Nikkei share average closed higher on Thursday, recovering from a decline in the previous session, though gains were capped as chipmaker Advantest ( ADTTF ) fell despite a strong growth forecast from its client Nvidia ( NVDA ). The Nikkei rose 0.3% to close at 38,256.17, after falling as much...
Copyright 2023-2026 - www.financetom.com All Rights Reserved