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Metal Tiger Plc

Copper firms on slowing coronavirus infections

Copper rose on Monday, supported by a slowdown in the death toll from coronavirus in some European countries and falling inventories, though fears of recession continued to weigh on prices.

Benchmark copper on the London Metal Exchange (LME) was up 1.1% at $4,891 a tonne by 1705 GMT. Its 1% rise last week on positive factory data from top consumer China snapped a six-week losing streak.

The number of deaths and new infections from the coronavirus eased in countries including France, Italy and Spain.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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