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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Jubilee Metals Group Plc

More articles like this

Jubilee Metals Group plc

Copper rally heats up on tariff fears and China’s stimulus drive

Copper’s explosive rally is capturing investor attention as a wave of geopolitical pressure, economic stimulus, and electrification tailwinds collide. Trump’s renewed trade agenda and China’s aggressive growth strategy are fuelling a price breakout that’s reigniting one

Jubilee Metals Group plc

Copper prices climb to five-month high

China’s plan to boost consumption has lifted copper prices to 5-month highs. Find out how Trump’s tariffs and market challenges impact the metal industry.