Copper prices rose on Monday on solid manufacturing data from China and a milder-than-expected response by the U.S. President Donald Trump on China’s security legislation for Hong Kong.
Trump on Friday ordered the process of eliminating special U.S. treatment for Hong Kong but did not undermine the U.S.-China Phase 1 trade deal. Markets had feared any tariff row would further deteriorate the global economy and metals demand.
“Trump’s sanction against China seems to be no big deal,” said a metals trader.
Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.