Copper surges 1% on positive news about Trump and China easing tensions; China confident of 5% growth for the year

Copper surged 1% in Shanghai after Trump signaled de-escalation of tensions with China ahead of a new round of trade talks this week, while China confirmed its economy remains on track to meet its 5% growth target for the year.

On October 20, 2025, at 11:12 AM, Bloomberg News reported that copper prices rose more than 1% after U.S. President Donald Trump attempted to ease trade tensions with China. At the same time, Beijing signaled that its economy could still achieve its growth targets this year.

Global investment sentiment, including in commodity markets, began the week positively after Trump expressed de-escalation of his stance on trade talks with China ahead of a new round of trade talks this week, outlining key issues he wants to discuss and expecting to meet with President Xi Jinping later this month.

The National Bureau of Statistics of China (NBS) released its latest economic data on Monday, reflecting a mixed picture of the Chinese economy , but confirming that the country remains on track to achieve its planned annual growth target of around 5%.

The metals industry continued to be buoyed by positive sentiment following last week's LME Week meeting in London, where traders and manufacturers predicted this year would be the most profitable year for the metals market ever, as mine disruptions and tight supply pushed prices near record highs.

Shanghai copper futures were up 1.0% at $10,714.50 a tonne at 12:12 p.m. local time, while tin and zinc prices also rose. Singapore iron ore futures were up 0.3% at $104.25 a tonne.

Reference: www.bloomberg.com

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