Copper prices bounced on Wednesday after reports the U.S. was seeking a ceasefire in the Iran war and due to firmer Chinese demand, but the market was wary after Tehran denied there were any negotiations. Benchmark three-month copper on the London Metal Exchange climbed 1.3% to $12,257 per metric ton by 1030 GMT, having slipped by 0.6% in the previous session. “Copper seems like it’s stabilising, but we are potentially approaching the beginning of the end of the war, certainly not the end because it takes two to tango,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. Israel and Iran exchanged ... (full story)