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 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.