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Georgian Mining Corp

Expectations of restocking by traders drive up spot copper premiums

Spot copper sellers firmed up premiums in Shanghai on the morning of Tuesday September 17 on limited arrivals in the market and expectations of restocking demand by traders.

As Shanghai copper fell to levels around 47,300 yuan/mt, spot sellers added premiums to 120-160 yuan/mt, against the SHFE front-month October contract. This compared with a premium of 70-120 yuan/mt over the SHFE September contract on the last trading day of the contract on Monday September 16. 

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.