Industrial metals are reacting to a shift in geopolitical tensions following a ceasefire extension with Iran. While copper prices climb on improved sentiment, analysts warn of potential systemic supply shocks for aluminum.
- Ceasefire extension improves global risk sentiment
- Copper prices trend higher following diplomatic news
- Comex copper maintains a premium over the LME benchmark
- Aluminum market warned of a potential 'black swan' supply shock
- Lingering war uncertainty continues to limit upside potential
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