Copper volumes on world exchanges are climbing again as a buoyant economic recovery from covid-19 in top metals consumer China spurred speculators to pile back into the market.
Copper is widely used by speculators and funds as a proxy for the health of the global economy due to its wide range of uses from construction to manufacturing.
Copper trading activity slumped in the immediate aftermath of the coronavirus pandemic as funds and speculators fled from high volatility. But as stimulus spending in China boosted demand, the price of LME benchmark copper futures soared 61% from its March lows in the early days of the covid-19 pandemic to a 28-month peak last month of $7,034 a tonne.
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.
