Metal price rises to $5,253 a tonne, Kwacha loses ground

by admin

THE price of copper has continued to recover, giving hope to Zambia, whose economy mainly depends on the metal.
The price advanced on Friday on data showing a solid recovery in top consumer China and hopes of more stimulus measures to cushion the fall out of the coronavirus outbreak.
“Three-month copper on the London Metal Exchange rose one percent to US$5,253 a tonne on Friday morning, rebounding from a more than one-week low hit in the previous session. But the contract was still on track to end the week slightly lower,” Reuters reports.
The most-traded copper contract on the Shanghai Futures Exchange also rose, though marginally by

You may also like

Leave a Comment