Tuesday, 11 June 2019

Copper Rose After Washington Struck A Deal To Avert A Tariff War With Mexico

Copper trading range for the day is 403.1-414.3.

Copper rose after Washington struck a deal to avert a tariff war with Mexico, boosting sentiment on trade and helping ease concerns about a global slowdown.

China's unwrought copper imports fell 10.9% from the previous month to 361,000 tonnes in May, according to official customs data.

Unions at Chile's Chuquicamata copper mine expressed disappointment in state-run miner Codelco's latest contract offer but agreed to extend negotiations.

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