Copper prices hit their highest level in over a month.

VTV.vn - Copper prices and many other industrial metals rose simultaneously, reaching a more than one-month high, as the market anticipated a resumption of US-Iran negotiations, helping to ease geopolitical concerns.

On April 14th, copper prices rose to their highest level in over a month, while most other industrial metals also advanced, amid market expectations that the US and Iran would resume peace talks.

At 9:18 AM Vietnam time, copper prices rose 0.4% to $13,107.50 per ton on the London Metal Exchange (LME), after briefly touching $13,162 per ton – the highest level since March 10th. Meanwhile, aluminum prices increased 0.3% to $3,617.50 per ton.

US President Donald Trump said Iran had contacted his administration about the possibility of negotiations, even as the US began implementing a naval blockade in the Strait of Hormuz. Iran has left open the possibility of continued dialogue, but investors remain cautious about the risk of renewed volatility if tensions escalate.

The industrial metals market has been highly volatile since the Middle East conflict erupted in late February 2026. Initially, prices were pressured by concerns about soaring energy costs and negative impacts on economic growth, before recovering partly on signals that the conflict may be nearing its end. This week, aluminum prices rose to a four-year high due to continued supply disruptions caused by the US lockdown. The Middle East currently accounts for approximately 9% of global aluminum production.

Jia Zheng, a trading manager at Suzhou Chuangyuan Harmony-Win Capital Management Co., commented: “Investors are expecting that macroeconomic risks will ease. It’s likely to be a prolonged standoff, similar to the Russia-Ukraine conflict, where the impact on the market gradually weakens over time.”

Source: https://vtv.vn/gia-dong-cham-muc-cao-nhat-hon-mot-thang-10026041416120806.htm