Copper Rises as Trump Floats Timeline for US to End Iran Attacks

Copper rose after US President Donald Trump said the war on Iran could end within two to three weeks, sparking a relief rally for riskier assets battered by global growth fears.

Base metals — with the exception of aluminum — faced heavy downward pressure in March as hostilities in the Middle East disrupted commodity supplies and threatened an inflationary shock for the world economy. While Trump’s latest timeline isn’t necessarily fixed, the comments sent copper up as much as 1.3% Wednesday after last month’s slump of almost 8%.