Copper price up on hopes of further monetary easing in China

The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth.

A final deal has been signed for the sale of German copper products company Mansfelder Kupfer und Messing (MKM) for 80 million euros ($94 million).

Zaldívar signed a new power plant supply agreement with Colbún to produce copper with 100% renewable energy.

Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.

Escalating trade conflict between the U.S. and China has sent industrial metals to oversold territory.

Tiger expects to release a new Life of Mine Plan for the assets in 6-8 weeks.

Targeting close or ready for production.

Labor negotiations are entering into the final three weeks before a 30-month contract expires at the end of July.

The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans.