Copper prices hit six-week highs overnight as sentiment turned positive after the United States and China agreed a trade truce.
Prices of the metal, used widely in power and construction industries, earlier touched $US6,075 – the highest since May 20.
“We now have a ceasefire in the trade war. There is reason to be optimistic about a positive impact on global manufacturing and metals demand,” said Danske Bank analyst Jens Pederson.
Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities. In Botswana, Metal Tiger, through its JV with MOD and its interest in Kalahari Metals Limited, has a growing interest in the large and highly prospective Kalahari copper/silver belt.