US-China trade war hits copper price again

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

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.

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