The copper price rose on Tuesday after data revealed faster than expected economic growth in China.
Chinese GDP grew by 4.5% year on year in the first three months of 2023, beating analyst expectations of 4% growth.
Copper for delivery in May on the Comex market in New York touched $4.10 per pound ($9,020 per tonne), up 1% compared to Monday’s closing.
But while consumption, services and infrastructure spending perked up, factory output has lagged.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
