London copper prices edged lower on Thursday, as investors took a breather after the previous session’s rally and assessed the prospects of a peace deal between the US and Iran, and concerns surrounding the Strait of Hormuz. Benchmark three-month copper on the London Metal Exchange fell 0.3% to $13,355 per metric ton by 0312 GMT. Prices climbed to a near two-week high in the previous session as hopes of easing tensions in the Middle East provided relief to copper, a metal seen as a barometer of macroeconomic health and used widely in power and construction. The most-traded copper contract on the Shanghai Futures ... (full story)