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KEFI Minerals Plc

Copper price forecast up on buoyant demand

Fitch Solutions is making a slight upward adjustment to its 2020 copper price forecast to $6,000/tonne from $5,900/tonne as it expects copper prices to roughly trade sideways for the remainder of the year, theanalyst said its latest market report.

Fitch says demand will continue to be supported by Chinese government stimulus and recovery in global economic activity.

In March 2020, Fitch made a bullish forecast of $5,900/tonne for the year on the back of an expectation for a strong rebound in Chinese demand due to government stimulus. 

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.