Copper rises as supply tightness offsets dollar strength

London copper prices rose on Monday after a decision by MMG Ltd to shut down production at its Las Bambas mine in Peru exacerbated supply concerns in an already tight market, although the metal’s gains were capped by a firmer dollar.

Three-month copper on the London Metal Exchange rose 0.5% to $9,460 a tonne, as of 0540 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange inched up 0.1% to 69,300 yuan ($10,879.12) a tonne.

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.

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