Copper prices moved higher on Monday, driven by dwindling raw material supply and investors’ focus on a potential BHP Group-Anglo American deal that would make the world’s largest copper miner.
Three-month copper on the London Metal Exchange CMCU3 advanced 0.5%to $10,018.50 per metric ton by 0453 GMT, a two-year high.
The most-traded June copper contract on the Shanghai Futures Exchange SCFcv1 was up 0.8%to 81,020 yuan ($11,184.12) per ton.
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.
