Copper rises on strong demand prospects in China; Iran war caps gain

Copper prices rose on stronger demand prospects in China, but gains were capped by the Iran war and attendant geopolitical risk. The piece signals supportive demand fundamentals from China offset by risk-premia, likely limiting near-term upside despite positive demand momentum.

Analysis

Copper prices rose on stronger demand prospects in China, but gains were capped by the Iran war and attendant geopolitical risk. The piece signals supportive demand fundamentals from China offset by risk-premia, likely limiting near-term upside despite positive demand momentum.