Copper prices extended gains on Wednesday to reach their highest level in two weeks, amid hopes that the war with Iran may be nearing an end. Benchmark three-month copper on the London Metal Exchange rose 0.2% to $12,365 per metric ton in official trading, after touching $12,492.50, its highest level since March 18. This marks the fourth consecutive session of gains, although copper prices remain well below their record high of $14,527.50 reached on January 29. Ole Hansen, Head of Commodity Strategy at Saxo Bank in Copenhagen, said: "The market wants to believe we are approaching the end of this escalation, ... (full story)