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Georgian Mining Corp

Copper rebounds on revived U.S.-China trade optimism

Copper prices in London snapped a five-session losing streak on Friday as comments from a senior U.S. official that Washington and Beijing are getting close to an interim trade pact lifted hopes of demand for the metal, used as a gauge of economic health.

The United States and China are getting close to a trade agreement and talks are “very constructive”, White House economic adviser Larry Kudlow said, while Beijing said they are holding “in-depth” discussions with Washington.

Three-month copper on the London Metal Exchange (LME) was up 0.3% at $5,832 a tonne, as of 0756 GMT. The contract is set for a weekly drop after
losing a combined 2.7% in the previous five sessions.

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.