London copper rises as dollar eases

Nonferrous metals prices rose in London on Tuesday, buoyed by a weaker dollar and improving risk sentiment following state-backed buying of Chinese stocks.

Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.7% to $8,415 per metric ton by 0728 GMT.

SHFE copper inventories CU-STX-SGH surged by more than a third last week to 68,777 tons on Friday, the highest level since July last year.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Jubilee Metals Group plc

More articles like this

Jubilee Metals Group plc

Jubilee Metals reports record chrome production levels

Jubilee Metals Group PLC (LON:JLP), a leading diversified metals processor in Africa with significant operations in South Africa and Zambia, has published its Operational Update and production figures for the quarter ended 31 March 2024 and also provides

Jubilee Metals Group plc

Copper demand surges amid global supply challenges

In the midst of global supply challenges, copper demand remains robust, propelled by the energy transition and advanced technologies such as artificial intelligence (AI). This mounting demand signals a bullish market trend for the versatile metal,

Jubilee Metals Group plc

Copper Demand and Price Surge: A Boon for Jubilee Metals Group plc

Copper prices have surged, trading near a 15-month high. This spike, driven by concerns over supply and optimistic demand forecasts, marks a significant phase in the commodity’s market behavior. Jubilee Metals Group plc (LON:JLP), with its strategic operations

Jubilee Metals Group plc

Copper prices rise as Chinese inventories slow

London copper prices rose on Monday, rebounding from a weekly loss, as the piling up of inventories in top consumer China slowed. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.5% to $8,912 a metric ton

Jubilee Metals Group plc

Chinese smelters’ production cut boosts Copper prices

Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut. Benchmark three-month copper on the London Metal Exchange