Copper Rises to Six-Week High as Iran Talks Hope Aids Metals

Copper rose to the highest level in more than a month as most industrial metals rallied on optimism that the US and Iran will restart peace talks.

The US and Iran are looking to arrange a second round of peace talks in the coming days, with Tehran mulling a pause in shipments through the Strait of Hormuz to help ease the path toward an agreement on time and place. The objective is to hold more discussions before an April 7 ceasefire expires next week, according to people familiar with the matter.