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KEFI Minerals Plc

Copper jumps to one-week high after China stimulus

Copper prices rebounded to their highest level in more than a week on Wednesday as investors unwound bearish positions after the central bank in China, the world’s biggest metals consumer, pumped stimulus into its economy.

Industrial metals joined broad-based rises across financial markets with investors hoping that the Chinese move would offset any economic damage from the coronavirus outbreak.

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.