Copper Steady as Traders Weigh Prospects of a US-Iran Truce Deal

Copper held steady after a three-day advance as traders weighed the prospects of an imminent US-Iran truce.

Prices settled at $13,393 a metric ton Thursday on the London Metal Exchange, little changed from the prior session. The Trump administration is waiting on Tehran to respond to its proposal to reopen the Strait of Hormuz, with tensions still high in both the Persian Gulf and in Lebanon.