Copper falls despite upbeat trade talk remarks

Economies.com
2019-11-25 14:37PM UTC

Copper prices fell on Monday, despite positive remarks from US and Chinese officials about developments in the US-China trade talks.

 

Copper fell about 20% from its record high last year, as the US-China trade dispute continued to escalate during that period.

 

Analysts see that copper supply and demand are still weak due to China's increased production levels.

 

Otherwise, President Donald Trump noted that the first phase of the trade deal with China is "very close." 

 

As for trading, copper futures for December delivery fell by 0.3% to $2.6505 per pound as of 14:20 GMT, and hit a session-high of $2.681 and a low of $2.649.

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