Copper extends gains on weaker dollar

Copper prices extended their rebound on Wednesday on a weaker dollar and on hopes for less aggressive interest rate hikes from the Federal Reserve and other central banks.

Aluminium slipped, however, after inventories surged.

Three-month copper on the London Metal Exchange gained 1.2% to $9,032.50 a tonne in official open-outcry trading, after adding 0.6% on Tuesday, bouncing from a four-week low.

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.

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