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KEFI Minerals Plc

Copper gains on supply worries

Copper prices rose on Monday due to lower inventories and risks of supply disruptions in Chile, the world’s biggest copper producer, although gains were capped on demand concerns following an increase in global cases of the novel coronavirus.

Three-month copper on the London Metal Exchange (LME) rose 0.1% to $5,854.50 a tonne by 0445 GMT and the most-traded August copper contract on the Shanghai Futures Exchange climbed 0.8% to 47,550 yuan ($6,719.14) a tonne.

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.