View full page at metalsmine.com

 

Copper ticks higher for 6th session on U.S.-China trade optimism

From uk.reuters.com

London copper prices rose for a sixth consecutive session on Wednesday, striking a fresh two-month high on hopes of a trade deal between China and the United States. U.S. President Donald Trump said on Tuesday talks with China, currently taking place in Washington, were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a "magical" date. Tariffs on $200 billion worth of Chinese imports are scheduled to rise to 25 percent from 10 percent by March 1 if there is no deal, which analysts expect would weigh on copper demand and prices. "Optimism around the ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis