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KEFI Minerals Plc

Copper rises for second session

London copper rose for a second straight session on Monday on expectations of a strong demand in top importer China and a U.S. stimulus in the works.

FUNDAMENTALS

* Three-month copper on the London Metal Exchange rose 0.3% to $6,565 a tonne, as of 0138 GMT and the most-traded copper contract on the Shanghai Futures Exchange added 0.6% to 50,860 yuan ($7,455.29) a tonne.

* In August, data showed industrial output in China, the world’s top consumer of metals, accelerated the most in eight months.

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.