Base metals got a good start in 2019 and February was no different with Nickel & Copper being the highest gainers.
Copper, is also off to go great start in 2019 by gaining over 5 percent. Copper has rallied over 11 percent on the LME and over 13.5 percent on the MCX in the first two months of 2019. The primary reason behind the rally in prices has been the easing of trade tensions between US and China.
Prices were further supported after supply disruption in Chile, the top producing Copper nation and relatively tight spot markets in China.
Georgian Mining Corporation (LON:GEO) has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.