Copper prices climbed on Wednesday as traders interpreted the U.S. central bank’s rate cut as a positive move that will ease liquidity, but worries about demand in top consumer China dominated.
Benchmark copper on the London Metal Exchange ended up 0.3% at $5,684 a tonne. Prices of the metal used by investors as a gauge of economic health touched $5,780.5 on Tuesday, the highest since Feb. 21.
Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.