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.