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Metal Tiger Plc

Copper nears 6-week high

Copper prices in London on Monday rose to their highest in nearly six weeks as some major economies plan to reopen businesses after weeks of lockdown to contain the pandemic.

Benchmark three-month copper on the London Metal Exchange (LME) rose as much as 2.3% to $5,260 a tonne, its highest since March 17.

The most-traded June copper contract on the Shanghai Futures Exchange (ShFE) advanced as high as 2.6% to 42,880 yuan ($6,059.15) a tonne, a level unseen since April 17.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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