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Georgian Mining Corp

Copper gains as Fed’s rate cut gets positive response

Copper prices climbed on Wednesday as traders interpreted the U.S. central bank’s rate cut as a positive move that will ease liquidity, but worries about demand in top consumer China dominated.

Benchmark copper on the London Metal Exchange ended up 0.3% at $5,684 a tonne. Prices of the metal used by investors as a gauge of economic health touched $5,780.5 on Tuesday, the highest since Feb. 21.

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.