Copper prices rose on Thursday as available stockpiles in London Metal Exchange (LME) warehouses tumbled and a spike in the cost of metal for immediate delivery pointed to a tightening market.
The dollar also slid to its weakest in nearly two years, making metals cheaper for buyers outside the United States.
Benchmark copper on the LME was up 0.8% at $6,534.50 a tonne at 1600 GMT, pushing towards last week’s two-year high of $6,633.
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.
