Copper rises amid easing of trade tensions and confidence in China's growth

The price of copper rose more than 1% after US President Donald Trump sought to calm trade tensions with China, while Beijing signaled the ability of its economy to meet growth targets for this year. High-risk assets, including some commodities, started the week on an upbeat note after Trump sought to tone down the intensity of the confrontation with China ahead of possible trade talks this week, laying out his most prominent demands in the talks. The US president is expected to meet with his Chinese counterpart, Xi Jinping, later this month. Meanwhile, new Chinese data released on Monday showed a mixed picture of the economy. However, China’s National Bureau of Statistics noted that the economy remains on track to achieve growth of around 5% over the year. A historic year in the metal market. The metals sector witnessed the conclusion of the London Metal Exchange week, a meeting characterized by relative optimism and attended by traders, producers and buyers, and was held in London last week. The world’s biggest traders are enjoying their most profitable year ever, after a series of mining outages and supply disruptions sent prices soaring to record levels. Also read: Malaysia to host US-China trade talks next week. Copper rose 1% to $10,714.50 a tonne at 12:12 Shanghai time, and tin and zinc also made gains. Iron ore futures in Singapore rose 0.3% to $104.25 a tonne.