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Georgian Mining Corp

Copper bounces despite rise in virus cases

Copper has rebounded after speculators surprised the market with a bout of buying late in the session despite a rise in new coronavirus cases in China.

Copper was in the red or barely steady for most of Friday until the release of negative US purchasing manager data, which in turn hit the dollar index.

A weaker US dollar makes commodities priced in the US currency cheaper for buyers using other currencies.

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.