Copper rises as US stimulus optimism raises demand

Copper prices rose on Monday as optimism around a U.S. stimulus raised hopes of better demand for metals and a recovery in the world’s biggest economy.

Copper is often used as a gauge of global economic health.

Three-month copper on the London Metal Exchange rose 1% to $7,990 a tonne by 0314 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange advanced 1.6 to 58,810 yuan ($9,107.24) 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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