Copper prices climbed to their highest in more than a month on Monday, spurred by hopes of further stimulus from China but weak manufacturing data from the top consumer, concerns about demand and a higher dollar capped gains.
Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.3% at $8,689 a metric ton at 0948 GMT, from an earlier $8,739.5, the highest since June 22.
LME copper is on course for its best monthly performance since January when expectations of a pickup in manufacturing activity and strong demand were boosted by the end of China’s zero-COVID policy.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
