Reports about the upcoming talks between the US and China, proposed by the American side, pushed prices for copper and other metals to growth in Europe on Thursday, according to Dow Jones. On the London Metal Exchange, copper futures for delivery in 3 months rose in price by 0.8% to 6 thousand 49.5 dollars per metric ton. Gold rose in price by 0.1% to 1 thousand 211.5 dollars per troy ounce. Recently, the metals market has expressed concern about the trade conflict between the US and China, which accounts for about half of the world's demand for copper. Against this background, copper prices have decreased by 16% since the beginning of the year. Other non-ferrous metals, which main consumer is also China, on Thursday also showed a slight increase.
Foxconn: recent Reuters report on factory resumption in China, not factual12.02.2020
SoftBank shares surge up to 14% after U.S. judge approves merger between T-Mobile and Sprint12.02.2020
China can fortify stimulus if growth slows further amid virus spread, IMF says11.02.2020
Apple’s iPhone maker Foxconn reopens China plants amid virus outbreak