Copper prices retreated again on Monday to $3.09 a pound or $6,830 a tonne, bringing losses for the bellwether metal over the past week to nearly 6%. Two weeks ago copper touched the highest levels since January 2014.
Worries about the impact of a trade war between the US and China, which is responsible for nearly half the world’s industrial metal demand, are behind the pullback, but longer term the outlook for copper remains rosy.
Georgian Mining Corporation is an AIM listed copper & gold development and exploration company. The Company, along with its 50% joint venture partner, Caucasian Mining Group, operates in Georgia on the prolific Tethyan Belt, a well-known geological region and host to many high grade copper-gold deposits and producing mines.