Copper and aluminum prices climbed on Friday, reversing sharp losses from Thursday, following statements from US and Israeli officials aimed at calming market fears about the escalating Middle East conflict. The metals had plunged the previous day amid heightened tensions following the Hamas attacks on Israel. US and Israeli assurances that they would avoid actions triggering wider regional instability helped stabilize trader sentiment. This price recovery signals markets are reacting to diplomatic efforts to contain the conflict's economic fallout. Copper, a key industrial metal, saw its price rebound as investors interpreted the reassurances as a sign of potential de-escalation. Aluminum, crucial for manufacturing and construction, also gained, reflecting renewed confidence in global supply chains.

The moves highlight how geopolitical risk perceptions directly impact commodity markets, with investors closely watching for any escalation that could disrupt production or shipping routes.