London copper hit its highest level in eight weeks on Monday on hopes of better demand for metals as certain countries started to ease lockdowns that were enforced to curb the coronavirus outbreak.
Australia, France and Spain are slowly opening their economies, while the United Kingdom – which has the second-highest virus death toll in the world – introduced some limited easing of restrictions.
Three-month copper on the London Metal Exchange (LME) rose as much as 1.8% to $5,370 a tonne, its highest level since March 16, before easing slightly to trade 0.8% higher at $5,315 a tonne by 0707 GMT.
Empire Metals Ltd (LON:EEE) is a junior AIM-listed copper and gold exploration and resource development company focussed on the prolific Tethyan Belt. Currently the Company holds a large highly prospective 860km2 licence area in Georgia with a 30-year mining licence in a joint venture with a local explorer.