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Georgian Mining Corp

Copper hovers at two-week high on China data boost

London copper prices were almost unchanged on Tuesday, hovering around a two-week high hit in the previous session after top consumer China reported positive industrial output and investment data.

Three-month copper on the London Metal Exchange was almost flat at $5,985 a tonne, as of 0346 GMT, while the most-traded copper contract on the Shanghai Futures Exchange advanced 0.3% to 46,920 yuan ($6,825.72) a tonne.

Better-than-expected industrial output and fixed asset investment data from China released on Monday sent prices of most base metals higher, with copper touching its highest since July 1.

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.