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Metal Tiger Plc

Copper prices could see a ‘supercharged recovery’ this year

Copper prices are likely to stabilize in the coming quarters despite a recent surge in the red metal’s value, analysts have predicted.

Three-month copper futures on the London Metal Exchange (LME) broke the $6,000-a-ton threshold by the end of June — a far cry from its low of around $4,626.50 at the height of Covid-19 fears in March.

On Monday, three-month copper on the LME gained 1.2% to trade at around $6,088 a ton, Reuters reported.

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.