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Metal Tiger Plc

Copper rises on demand hopes

Copper prices climbed on Monday as the reopening of economies paralyzed by the coronavirus crisis boosted hopes of a revival in demand for metals.

Three-month copper on the London Metal Exchange (LME) rose 1% to $5,234.50 a tonne by 0137 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange (ShFE) advanced 0.3% to 42,940 yuan ($6,045.08) a tonne.

Summer weather is enticing much of the world to emerge from coronavirus lockdowns as centres of the outbreak from New York to Italy and Spain gradually lift restrictions that have kept millions cooped up for months.

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.