London copper and most other base metals rose on Thursday, backed by a softer dollar after the U.S. Federal Reserve abandoned plans for a further rate rise this year, and by a lack of near-term supply.
London Metal Exchange copper rose 1 percent to $6,518.5 a tonne by 0410 GMT, having touched a near three-week high earlier in the session. Prices are testing a resistance around $6,505, with a break of the $6,540-level potentially opening the way to peaks last seen in July 2018.
Georgian Mining Corporation (LON:GEO) has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.