Industrial metals prices jumped overnight, with copper rising as much as 3 per cent as an easing of coronavirus lockdowns in many countries and hopes for a vaccine fuelled optimism among investors that also lifted stock markets and oil.
At 1610 GMT, benchmark copper on the London Metal Exchange (LME) was up 2.6 per cent at $US5,317.50 a tonne and headed for its biggest daily gain since mid-April.
Prices of the metal used in power and construction fell from around $US6,300 in January to a four-year low of $US4,371 in March as the coronavirus spread, but have recovered as China, the biggest consumer, reopens.
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.