London copper prices rose to their highest in nearly eight weeks on a softer dollar and hopes of improving demand after Chinese officials promised support to the country’s property sector.
Three-month copper on the London Metal Exchange CMCU3 advanced 0.8% to $8,335 per metric ton by 0331 GMT, having hit %8,339.50 earlier in the session, the highest since Sept. 29.
The most-traded December copper contract on the Shanghai Futures Exchange SCFcv1 rose 0.3% to 67,980 yuan ($9,427.13) a ton. Earlier in the session, it hit 68,030 yuan, a level unseen since Sept. 25.
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.
