Copper Rises as US Push to End War Buoys Industrial Metals

Copper and most other metals rose as optimism around Washington’s diplomatic push to end the war in the Middle East boosted risk appetite.

The industrial metal climbed 1.8% Wednesday on the London Metal Exchange. The US drafted a 15-point plan intended to help bring the war with Iran to a close, while China has urged Tehran to engage in talks. Iran said earlier it rejected a US ceasefire proposal.