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Jubilee Metals Group Plc

Copper nears 3-month high

Shanghai copper prices rose on Tuesday to their highest in nearly three months, as a solid recovery in China demand and the reopening of economies from a coronavirus-induced lockdown lent support.

The most-traded July copper contract on the Shanghai Futures Exchange (ShFE) rose as much as 1.2% to 44,800 yuan ($6,288.43) a tonne, its highest since March 6.

Three-month copper on the London Metal Exchange (LME) was down 0.2% at $5,475.50 a tonne, as of 0114 GMT, but hovered around its highest level in two and a half months hit in the previous session.

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.