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Georgian Mining Corp

Copper prices rose overnight

Copper prices rose overnight amid signs that US-China trade talks in Washington DC could de-escalate a dispute that has weighed on economic growth and metals prices.

Benchmark copper on the London Metal Exchange (LME) ended up 1.7 per cent at $US5,781 a tonne.

“There’s a lot of volatility in industrial metals markets linked to the tos and fros of the trade negotiations,” said WisdomTree analyst Nitesh Shah.

But he said a supply deficit that is likely to worsen in the coming years will probably support prices even if growth in demand for copper weakens.

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.