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Copper rises on improving demand

Copper prices rose on Monday on solid manufacturing data from China and a milder-than-expected response by the U.S. President Donald Trump on China’s security legislation for Hong Kong.

Trump on Friday ordered the process of eliminating special U.S. treatment for Hong Kong but did not undermine the U.S.-China Phase 1 trade deal. Markets had feared any tariff row would further deteriorate the global economy and metals demand.

“Trump’s sanction against China seems to be no big deal,” said a metals trader.

Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.

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