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Copper heads for best quarter since 2010

Copper is poised for its best quarter since 2010, helped by optimism over a stronger-than-expected demand rebound in top consumer China and mounting supply concerns in South America.

The metal used in everything from automobiles to electronics has surged about 20% this quarter, and climbed above $6,000 a metric ton last week for the first time since the covid-19 outbreak became a global pandemic.

Prices have rallied steadily over the past three months, fueled by sentiment over consumption prospects as first China and then other large economies began to ease lockdowns.

Empire Metals Ltd (LON:EEE) is a junior AIM-listed copper and gold exploration and resource development company focussed on the prolific Tethyan Belt. Currently the Company holds a large highly prospective 860km2 licence area in Georgia with a 30-year mining licence in a joint venture with a local explorer.

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