Copper loses Tuesday more than advanced yesterday due to trade threats between the United States and China

The price of copper on the London Metal Exchange fell 1.98% on Tuesday, due to the worry that was sweeping global markets due to the US threat of 39, impose all customs duties. products from China if Trump and Xi do not reach an agreement at the meeting scheduled for November. With that, the red metal has erased the increase of 1.64% recorded this Monday.

The red metal closed at $ 2,783 per pound on a market still alert to the speculative attacks of the trade war between China and the United States, evoking in particular the economic resilience of the Asian giant, the main consumer of merchandise in the United States. the world. global, and the performance of key stock markets such as Wall Street and European stock exchanges.

For the moment, the red ore has an average value of US $ 2,822 per pound this month, while this year still averages US $ 2,993 per pound with an increase of 9.31%. Stocks in London, meanwhile, continue to fall sharply. This time, inventories fell by 2.71% to 139,250 metric tonnes.