London copper prices rose on Thursday as slowing manufacturing activities in China raised hopes for more stimulus from the government and amid supply concerns from Panama.
Three-month copper on the London Metal Exchange CMCU3 rose 0.6% to $8,462 per metric ton by 0239 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange SCFcv1 eased 0.1% to 68,110 yuan per metric ton.
Activities in the Chinese manufacturing sector, a major metal-consuming industry, contracted for a second straight month in November and at a quicker pace, suggesting more policy support measures are needed to help shore up economic growth.
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.
