Why Copper (COPPER) rose 1.96% on August 4, 2026

Copper (COPPER) rose 1.96% on August 4, 2026 — Geopolitical supply fears spark metals surge.

UKMTO reported a vessel hit near Hormuz amid emerging Iran strike reports, amplifying Middle East geopolitical risk and supply-chain disruption fears.

Shipping disruptions and regional escalation typically tighten physical commodity transport and elevate precautionary buying; copper as a cyclical stress-hedge and industrial staple gains bid in risk-off pivots driven…

Part of a broad Industrial Metals rally as geopolitical risk reprices the entire complex upward, with energy and transport shocks lifting hard-asset demand signals.

If the Hormuz incident resolves without escalation or shipping lanes normalize, the risk premium unwinds and copper loses its geopolitical bid.