Copper near 7-year high

London copper climbed on Wednesday to its highest in nearly seven years, as U.S. political stability, COVID-19 vaccine developments and China demand boosted investor confidence.

U.S. President-elect Joe Biden beginning his transition to the White House ends weeks of post-election political uncertainty in the world’s biggest economy, while his $2 trillion climate plan would see rising demand for copper.

Three-month copper on the London Metal Exchange rose as much as 0.9% to $7,360 a tonne, a level unseen since January 2014.

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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