Copper jumps after the postponement of the American load of Chinese products

Copper prices jumped after the United States announced on Tuesday its intention to defer a 10% tariff on some Chinese products, helping to ease concerns about growth and demand from the biggest consumer of copper. China.

The three-month benchmark for copper at the London Metal Exchange rose 1.5% to $ 5828.65 per tonne. The red metal price, a measure of economic strength, fell to $ 5640 per tonne, its lowest level since June 2017.

Among other industrial metals, zinc contracts increased from $ 1.8 to $ 2,239 a tonne, and metal prices used for galvanizing steel last week hit their lowest level since October. 2016, at $ 2,230.50.

Aluminum contracts rose 0.8% to $ 1,785 per tonne, while major contracts increased 1% to $ 2,068 per tonne, and tin contracts increased 1% to $ 1,068 per tonne. , 6% to reach $ 17,000 and $ 100 per tonne.