Three-month copper on the London Metal Exchange (LME) rose 0.3% to $9,111 a tonne.
Copper fell nearly 10% to a three-month low on November 14 after Donald Trump won the US presidential election, on concerns about his plans to impose tariffs on China, the top consumer of metals.
"That (Trump trade) is now priced in, so the market is waiting for Trump to take office. We are in a waiting period now," said Tom Price, director of commodity strategy at Panmure Liberum. "Yesterday, the market was looking at the risk around the US long-range missile, but the market has stepped back and stabilized a bit."
In broader financial markets, global stocks rose as easing tensions between Russia and the West boosted investor confidence.
The most-traded December copper contract on the Shanghai Futures Exchange (SHFE) rose 0.7 percent to 74,550 yuan ($10,296.96) a tonne.
However, a stronger US dollar index capped gains, making the greenback-denominated metal more expensive for buyers using other currencies.
Some investors have entered the market after the coin stabilized in recent days following a decline.
“Copper bounced off a key technical level last week. Concerns about Chinese demand remain and will be difficult to shake off, while uncertainty remains about the trade war and lack of Chinese stimulus,” said Kyle Rodda, senior financial markets analyst at Capital.com.
China has seen slowing economic growth and government policies have so far failed to boost investor confidence.
LME aluminium rose 1.1% to $2,672.50 a tonne, rising for a second straight session, supported by news last week that China will scrap a 13% export tax rebate on some aluminium products starting December 1.
LME nickel rose 1.2% to $16,060, zinc rose 0.8% to $2,975, lead rose 1.5% to $2,030 and tin rose 1.7% to $29,365.
Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-21-11-tiep-tuc-tang-trong-phien-thu-tu.html
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