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Jubilee Metals Group Plc

Copper climbs as stimulus prompts buying

opper prices climbed overnight as the Federal Reserve’s latest move to provide further support for the US economy helped to boost sentiment, but gains were capped by worries about prospects for demand in top consumer China.

Benchmark copper on the London Metal Exchange was up 0.3 per cent at $US5,722 a tonne at 1604 GMT from an earlier high of $US5,836 a tonne.

Prices of the metal used to make products widely used in the power and construction industries last week rose to $US5,928 a tonne, the highest since January 24 and a 35 per cent increase since the middle of March.

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