Copper prices rebounded on Tuesday, surging after the U.S. and China announced fresh tariffs that were less severe than some investors had feared.
Front-month copper for September delivery rose 3% to $2.7120 a pound on the Comex division of the New York Mercantile Exchange, its largest one-day climb since April 18. Even with the advance, worries about tariffs slowing the Chinese economy and lowering commodity consumption have sent prices 18% from their June four-year highs in recent weeks.
Georgian Mining Corporation is an AIM listed copper & gold development and exploration company. The Company, along with its 50% joint venture partner, Caucasian Mining Group, operates in Georgia on the prolific Tethyan Belt, a well-known geological region and host to many high grade copper-gold deposits and producing mines.