Trade war causes dip in copper price

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

THE intensified trade war between United States and China has resulted in the price of copper to dip for a second session yesterday by 0.1 percentage point to trade at about US$5,900 a tonne.
Copper, which is Zambia’s major source of foreign exchange, has seen a gradual downward trend in its price on the global market in the past few months from its high of over US$7,100 per tonne in February.
Recently , the United States (US) and China has been involved in a ‘super power’ trade war after President Trump threatened to impose tariffs of US$34 billion worth of Chinese products, a fight that is likely to hurt other economies across the world

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