Copper Gains as Markets Watch US-Iran Talks and Fed Focus – ING

ING’s commodities division noted that industrial metals posted gains, with copper taking the lead. The move came as traders focused on ongoing US-Iran negotiations and associated shipping risks.

Aluminum, by contrast, continued to face headwinds, though the report did not specify the exact factors weighing on the metal. The broader macro backdrop, including Federal Reserve policy expectations, also remained in focus for base metals.