Copper prices touched their highest in over three weeks on Tuesday on hopes that lifting China’s lockdown restrictions will boost demand, but a stronger dollar chipped away at the gains.
Three-month copper on the London Metal Exchange CMCU3 was little changed at $9,540 a tonne by 1037 GMT, after earlier hitting its highest since May 5 at $9,591.50.
U.S. Comex copper HGcv1 gained 0.8% to $4.34 a lb.
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.
