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KEFI Minerals Plc

Copper extends gains on China stimulus hopes

Three-month copper on the London Metal Exchange was up 0.2% at $5,888 a tonne.

Copper prices climbed on Wednesday on hopes that top consumer China would increase spending for metal-intensive infrastructure projects, but gains were curbed due to a festering trade war between Beijing and Washington.

China will allow local governments to use proceeds from special bonds as capital for investment projects to support the economy, while U.S. President Donald Trump said he was holding up a trade deal with China until Beijing agrees to his points.  

KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.