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Georgian Mining Corp

China stimulus helps copper to three-week high

Copper prices climbed to three-week peaks on Monday after top consumer China cut interest rates to offset the economic damage from the coronavirus, though worries over demand for industrial metals capped gains.

Benchmark copper on the London Metal Exchange (LME) was untraded at the close but bid up 0.9% to $5,811 a tonne. The metal viewed by investors as a gauge of economic health earlier touched $5,828.50, its highest since Jan. 27.

Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.