Copper rises as Trump hails trade progress

Copper prices hit their highest in nearly three weeks overnight, rising for a fourth day after US President Donald Trump said his country was in the “final throes” of work on a trade deal with China.

Benchmark copper on the London Metal Exchange (LME) closed up 0.4 per cent at $US5,945 a tonne after touching $US5,968, the highest since November 8.

The metal used in power and construction has fallen around 20 per cent since the United States and China began their trade dispute in summer 2018 and global economic growth began to weaken.

Anglo Pacific Group (LON:APF) has a 1.525% NSR royalty with Mantos Copper over all copper produced at the Mantos Blancos Mine located in Chile, approximately 45 km from the city of Antofagasta. 

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