Copper traders hoping for 5th weekly gain

Copper prices rose on Friday and were set for a fourth consecutive weekly gain as falling stockpiles pointed to a pickup in demand and traders anticipated healthy buying from top consumer China.

The metal was also buoyed by a rise in global equities and oil prices after a hair-raising plunge on Thursday.

Benchmark copper on the London Metal Exchange (LME) was 0.5 per cent higher at $US5,791 a tonne at 1612 GMT, and up nearly 2 per cent this week.

Empire Metals Ltd (LON:EEE) is a junior AIM-listed copper and gold exploration and resource development company focussed on the prolific Tethyan Belt. Currently the Company holds a large highly prospective 860km2 licence area in Georgia with a 30-year mining licence in a joint venture with a local explorer.

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