London copper prices rose on Wednesday after an emergency rate cut from the US Federal Reserve weakened the dollarNSE 0.98 %, making commodities priced in the greenback cheaper for buyers using other currencies.
The Fed cut interest rates by half a percentage point on Tuesday to shield the world’s largest economy from the impact of the global coronavirus epidemic, leading to broad-based selling in the US dollar.
Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.