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

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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

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