Copper rises in London on weak dollar

Copper prices in London rebounded on Tuesday as a weak dollar kept greenback-priced metals cheaper to holders of other currencies, but weak data from China dented sentiment.

Three-month copper on the London Metal Exchange CMCU3 rose 0.2% to $8,507.50 per metric ton by 0425 GMT, having lost 2.1% in the previous session, its biggest decline in more than three weeks.

The dollar index .DXY wobbled near its one-year low, as investors awaited fresh catalysts to gauge if the currency has further downside risk amid cooler-than-expected U.S. inflation.

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.

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 driving the future of clean energy and transportation

The United States is making impressive strides towards its ambitious clean energy and transportation goals. With the White House committed to achieving 100% carbon pollution-free electricity by 2035 and a net-zero emissions economy by 2050, the

Jubilee Metals Group plc

Jubilee Metals demonstrates strong growth across operations

Jubilee Metals has reported impressive growth across its South African and Zambian operations, highlighting advancements in efficiency and the quality of inputs. The company achieved a significant increase in chrome output during the quarter ending September

Jubilee Metals Group plc

A collaborative effort to support Zambian farmers

In response to the severe drought that has left many Zambians food-insecure and disrupted agricultural livelihoods, Makor Resources and Jubilee Metals Zambia have joined forces to aid subsistence farmers. This initiative complements government efforts to provide

Jubilee Metals Group plc

Jonathan Morley-Kirk appointed interim FD at Jubilee Metals

Jonathan Morley-Kirk has joined Jubilee Metals Group as a board director and interim finance director, effective immediately. His role will remain interim until the company appoints a permanent chief financial officer. Expressing his enthusiasm for the

Jubilee Metals Group plc

Copper prices edge higher following weaker US jobs data

On Friday, copper prices saw an uptick as weaker-than-expected US jobs data for October increased the likelihood of an upcoming Federal Reserve interest rate cut. This anticipated move is expected to weaken the dollar, potentially boosting

Jubilee Metals Group plc

Copper prices surge as demand rises with dollar weakness

Copper prices are currently rising, with a softening US dollar making dollar-denominated metals more attractive to foreign investors. This price surge persists even amidst lingering market concerns around the upcoming US elections and anticipated policy shifts