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MINERS processing copper at one of the mines on the Copperbelt.

US-China trade war hits copper price again

AFTER posting marginal gains, Zambia’s main source of foreign exchange, copper, has seen a decline to US$6,265 a tonne following yesterday’s renewed trade dispute between China and the United States (US).
Three-month copper on the London Metal Exchange (LME) slipped 0.5 percentage point to US$6,265 a tonne in the early hours of yesterday, after rising 1.6 percent in the previous session.
According to Reuters, the price of copper and other base metals on the LME short-lived its gains posted on Monday after doubts over whether China and the US will be able to resolve their trade row within a 90-day timeframe came into focus.
“Copper and most other base metals gave up some of Monday’s gains in early Asian trade on Tuesday,” Reuters reports.