London copper rises as Omicron concerns ease

Copper prices rebounded on Wednesday on easing concerns about the new Omicron coronavirus variant that has rattled market sentiment in recent days.

Three-month copper on the London Metal Exchange rose 1.1% to $9 545 a tonne by 0701 GMT, having lost 0.6% in November.

The most-traded January copper contract on the Shanghai Futures Exchange closed 0.3% lower at 69,650 yuan ($10,943.00) a tonne, tracking overnight loss in London.

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.

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