Hindustan Copper shares surged 7% to ₹565.00 on the Bombay Stock Exchange, fueled by a significant rebound in global copper prices, which are nearing a six-week high. This uptick is attributed to renewed hopes for de-escalation in the Middle East conflict, particularly following U.S. President Donald Trump's announcement about potential peace talks regarding the Iran war. Analysts suggest that the ongoing geopolitical tensions have created a greater incentive for electrification, which could boost copper demand in the long term despite short-term supply shocks. The most-traded copper contract on the Shanghai Futures Exchange rose 2.16% to 102,880 yuan (approximately $15,090.35) per metric ton. Additionally, refined copper consumption in China is projected to grow by an average of 3.7% annually over the next decade, further supporting the rally in copper prices. Nickel prices also saw gains due to supply constraints caused by the conflict, with Shanghai nickel jumping 2.57%.