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KEFI Minerals Plc

Copper gains on optimism

London copper prices rose on Thursday, buoyed by hopes that stimulus measures will boost demand as more economies reopened after months of lockdowns imposed to curb the spread of the novel coronavirus.

Three-month copper on the London Metal Exchange (LME) rose 1.2% to $5,320 a tonne by 0707 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange eased 0.3% to 43,700 yuan ($6,109.24) a tonne.

“LME base metals gained …as measures to support the economies offset the negative impact of heightened geopolitical tension,” Anna Stablum, a commodities broker at Marex Spectron, said in a note.

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.