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Metal Tiger Plc

Copper rebounds on bargain hunting

Copper rebounded overnight as investors emboldened by solid supply and demand fundamentals sought bargains after tit-for-tat trade tariffs between the United States and China triggered a fall in prices.

The Chinese government said on Monday that it would impose higher tariffs on most US imports on a revised $US60 billion target list, hitting back at a US tariff increase on $200 billion worth of Chinese goods, only days after markets were expecting a trade deal.

Benchmark copper on the London Metal Exchange ended 0.3 per cent up at $US6,027 a tonne after touching a 15-week low the previous day.

Metal Tiger plc (LON:MTR) is listed on the London Stock Exchange AIM Market with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.

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