Copper steady as Sino-US trade truce deadline extended

Copper steady as Sino-US trade truce deadline extended

From brecorder.com

Copper prices in Shanghai and London held steady on Tuesday as a boost from the extension of the Sino-U.S. trade truce deadline offset growing supply and a stronger dollar that curbed the upside. The most-traded copper contract on the Shanghai Futures Exchange was flat at 78,960 yuan ($10,987.27) per metric ton as of 0148 GMT. The benchmark three-month LME copper on the London Metal Exchange rose 0.25% to $9,751 a ton. On Monday, the United States and China extended the tariff truce deadline, which is set to expire on Tuesday at 12:01 a.m. EDT (0401 GMT), for another 90 days. The extension buys crucial time for the ... (full story)

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