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Jubilee Metals Group Plc

Copper hits highest level since July

Copper prices touched a near five-month high on Wednesday on hopes that the United States would delay imposing more trade tariffs on goods from China, which would signal a detente in the dispute that has sapped metals demand.

Although a final decision had not been made, Washington was laying the groundwork for a postponement to the latest round of tariffs which are due on Dec. 15, according to sources.

“Prices are continuing to climb steadily higher today,” said Saxo Bank analyst Ole Hansen. “We have had the usual rollercoaster in the conflicting news on whether tariffs will be postponed.”

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.