Copper prices are likely to stabilize in the coming quarters despite a recent surge in the red metal’s value, analysts have predicted.
Three-month copper futures on the London Metal Exchange (LME) broke the $6,000-a-ton threshold by the end of June — a far cry from its low of around $4,626.50 at the height of Covid-19 fears in March.
On Monday, three-month copper on the LME gained 1.2% to trade at around $6,088 a ton, Reuters reported.
Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.