Copper Steadies Near Record as Trump Rejects Iran’s Peace Plan

Copper steadied near its highest close on record after US President Donald Trump dismissed Iran’s proposals for a peace deal and said the ceasefire with Tehran was on “life support”.

The US leader’s latest comments underscore the deadlock in the Middle East conflict that’s in its 10th week and threatened widespread economic disruption. Still, metals have posted strong gains in the past month and the decline comes after a big advance on Monday.