Copper hits more than 6-month peak

London copper jumped to a more than six-month high on Monday, while most other base metals also rose as demand prospects brightened after top consumer China reopened its borders.

Three-month copper on the London Metal Exchange CMCU3 was up 1.1% at $8,686 a tonne, as of 0639 GMT, after hitting its highest since June 23, 2022 at $8,711 earlier in the session.

The most-traded March copper contract on the Shanghai Futures Exchange SCFcv1 advanced 1.5% to 66,100 yuan ($9,750.99) a tonne. The contract leapt 1.8% earlier in the session to its highest since Dec. 30 at 66,260 yuan 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

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