The trade war truce from the G20 meeting has improved sentiment for copper with LME prices bouncing back over US$6,000/t. In China, a seasonal demand lull sees inventory on the rise. We see a divergence in short term relative strength between LME and ShFE, and this may encourage cross-market arbitrage.
Trade war truce has eased tensions and pushed LME copper through US$6,000/t;
Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.