News Summary

• The lightweight metal advanced toward $3,500 a ton in London, translating into a monthly gain of 10.4%.
• That’s the most since April 2024, and contrasts with a broader downtrend for metals in March.
• Commodities including base metals have been roiled by the conflict between the US, Israel and Iran.
• Most other metals were higher on Tuesday on signs both the US and Iran are open to ending the war soon.
• In other metals, copper gained 0.9% but was down more than 7% in March, the biggest monthly loss since June 2022.