Copper rises on weaker dollar

Copper prices edged higher on Tuesday, as a weaker U.S. dollar made greenback-denominated metals more attractive to holders of other currencies.

Three-month copper on the London Metal Exchange CMCU3 rose 0.2% to $8,958 a tonne by 0803 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange SCFcv1 gained 0.8% to 68,680 yuan ($10,070.23) a tonne.

The dollar slipped as investors braced for the U.S. consumer price index data due later in the day, amid tentative signs that inflation there is cooling.

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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