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.

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