Thanks to peace talks and electrification demand, copper prices have recovered the losses since the Iran war.

Golden Ten Data reported on April 15 that, thanks to plans to restart peace talks and demand from power engineering projects, LME copper prices rose on Wednesday, recovering losses since the Middle East conflict broke out over six weeks ago, and surpassing the level of $13,343.50/ton on February 27 (the day before the US and Israel launched the first military strike against Iran). According to Trafigura Group analyst Henry Van, who spoke at an industry conference in Santiago on Tuesday, although large short-term fluctuations in global energy supply will impact copper demand, as economies gradually move towards electrification, this may ultimately accelerate the long-term growth trend of copper. He said: "All the major trends that previously drove copper prices higher will now be further strengthened. Today, the need to promote more electrification and reduce the impact of geopolitical shocks on energy is greater than ever."