Copper rises on weaker dollar

Copper prices extended overnight gains on Tuesday as a softer dollar and hopes of global economic recovery offset worries over possible price caps on industrial metals in top consumer China.

Three-month copper on the London Metal Exchange CMCU3 was up 1.2% at $10,067 a tonne by 0517 GMT.

London copper closed below $10,000 a tonne in the last two sessions amid a sell-off in industrial metals and has fallen more than 6% since touching a record high of $10,747.50 a tonne earlier this month.

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:
Share on facebook
Share on twitter
Share on linkedin
Jubilee Metals Group Plc

More articles like this

Jubilee Metals Group Plc

How clean energy is driving a commodities supercycle

Kamoa-Kakula in the Democratic Republic of Congo is a rare commodity in the modern resources industry: a high-grade copper mine that one day could produce enough metal to satisfy more than 5 per cent of China’s annual demand.

Jubilee Metals Group Plc

Copper rises on reports of Biden’s budget plans

Copper prices advanced on Friday, buoyed by demand optimism on reports of U.S. President Joe Biden’s plans to make a $6 trillion budget announcement, while supply concerns in top producer Chile also supported sentiment. Biden will also seek