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Metal Tiger Plc

US-China trade truce propels copper price

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. 

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