London copper prices rose on Monday, rebounding from a weekly loss, as the piling up of inventories in top consumer China slowed.
Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.5% to $8,912 a metric ton by 0339 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 was flat at 72,520 yuan ($10,068.73) a ton.
Copper inventories in warehouses tracked by the SHFE fell for the first time on a weekly basis since Dec. 22 to 285,090 tons, albeit still hovering around their highest since 2020 due to strong Chinese production and imports.
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.
