Copper and most other base metals rose alongside equities markets on Monday, riding on hopes of a pickup in pace of China’s economic recovery and more stimulus steps to support the global economy.
Three-month copper on the London Metal Exchange rose 1.2% to $6,088 a tonne by 0724 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange closed down 0.2% at 49,040 yuan ($6,977.80) a tonne, having rebounded from sharper losses earlier in the session.
Empire Metals Ltd (LON:EEE) is a junior AIM-listed copper and gold exploration and resource development company focussed on the prolific Tethyan Belt. Currently the Company holds a large highly prospective 860km2 licence area in Georgia with a 30-year mining licence in a joint venture with a local explorer.