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KEFI Minerals Plc

Copper prices surge on signs of quick global recovery

Iron ore prices stayed clear of double digits on Monday on shrinking stockpiles in China, responsible for more than 70% of the world’s seaborne iron ore trade, and persistent fears about supply from Brazil, the globe’s no.2 supplier.

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were exchanging hands for $100.45 a tonne on Monday, just off the 9-month highs last week.

On the Dalian commodities exchanges, iron ore futures set a fresh record high of $108.92 a tonne, up more 20% from early April. Dalian launched iron ore futures trading in 2013.

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.