continued to rise for the fourth consecutive session.

Copper futures on the London Metal Exchange (LME) rose 0.3% in three-month contracts.

Three-month copper futures on the London Metal Exchange (LME) rose 0.3% to $9,111 per ton.

Following the US presidential election in which Donald Trump won, copper prices fell nearly 10% to a three-month low on November 14th due to concerns about his planned tariffs on China, his top consumer of the metal.

"That (Trump's deal) is now priced in, so the market is waiting for Trump to take office. We're currently in a waiting period," said Tom Price, director of commodity strategy at Panmure Liberum. "Yesterday, the market was considering the risks surrounding the US long-range missiles, but the market has pulled back and stabilized a bit."

In the broader financial markets, global stocks rose as easing tensions between Russia and the West boosted investor confidence.

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The most actively traded December copper contract on the Shanghai Futures Exchange (SHFE) rose 0.7% to 74,550 yuan ($10,296.96) per ton.

However, a stronger USD index has curbed the gains, making metals priced in the greenback more expensive for buyers using other currencies.

Some investors have re-entered the market after the currency stabilized in recent days following its decline.

Kyle Rodda, a senior financial market analyst at Capital.com, said: "Copper bounced off key technical levels last week. Concerns about Chinese demand remain and are unlikely to be dispelled, while uncertainty persists regarding the trade war and the lack of Chinese stimulus measures."

China has seen its economic growth slow down, and government policies so far have failed to boost investor confidence.

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LME aluminum rose 1.1% to $2,672.50 a ton, gaining for the second consecutive session, supported by news last week that China will cancel the 13% export tax rebate on some aluminum products starting December 1.

LME nickel rose 1.2% to $16,060, zinc increased 0.8% to $2,975, lead gained 1.5% to $2,030, and tin advanced 1.7% to $29,365.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-21-11-tiep-tuc-tang-trong-phien-thu-tu.html