This past week saw the price of copper rise following a severe drop in the prior session as investor attention shifted to constrained inventories outside the United States. This came despite lingering uncertainty over whether current demand levels can be maintained. On the London Metal Exchange, benchmark three-month copper gained 0.4% to trade at $12,796 per metric ton, recovering from a 1.6% decline recorded at the start of last week.
Lead was the only metal in negative territory, slipping to $2,024 per ton. The underlying concerns about copper supplies are likely to serve as tailwinds for exploration companies like Collective Mining Ltd. (NYSE American: CNL) (TSX: CNL) that focus on this…
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