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KEFI Minerals Plc

Copper near 3-week high

Copper prices rose to their highest in nearly three weeks on Tuesday as investor sentiment was lifted by a slowdown in the new coronavirus-related deaths and fresh cases in some global hot spots.

Three-month copper on the London Metal Exchange (LME) rose as much as 3.2% to $5,040 a tonne, its highest since March 18, before retreating slightly to trade 3% higher at $5,031 by 0704 GMT.

The most active copper contract on the Shanghai Futures Exchange (ShFE) also hit a level unseen since March 18 of 40,940 yuan ($5,797.39) a tonne before easing slightly to close up 2.2% at 40,600 yuan.

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.