Copper extended its rebound to close the week on a bullish platform as fears of a global recession eased, while investors shifted concerns on low inventories and impending supply tightness.
Three-month copper CMCU3 on the London Metal Exchange (LME) was up 0.6 percent to $7,774 a tonne, building on the previous session’s 0.7 percent increase.
In a similar trend, the most-traded September copper contract on the Shanghai Futures Exchange SCFcv1 gained 1.5 percent to 60,310 yuan or $8,938.66 a tonne.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.
