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Copper back above $6,000/t

Copper has reached its highest point this month on hope of a resolution to the trade war.

The red metal rose by 0.5% to US$6013.50 per tonne, its first time above $6000/t in September. Its 2018 high was $7330.50/t in June.

“Metals prices are gaining on the back of potential for renewed US-China trade talks,” Bloomberg quoted BMO analyst Colin Hamilton as saying. “Even should these yield no result, any indication that Chinese metal-intensive spend is increasing on the back of the recent fiscal push should also help to improve market sentiment.”

 

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities. Metal Tiger provides financial and business support to companies to maximise the value of their natural resource interests and through this they aim to deliver significant returns for its shareholders.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.