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KEFI Minerals Plc

Copper rises on US-China trade progress

Copper prices slipped on Friday but were still up for a second consecutive week after the United States and China said they had agreed a “phase one” trade deal but were hazy on details.

The agreement suspends and reduces some US tariffs on imports from China in return for Beijing authorities purchasing US agricultural goods but a lack of specifics left investors nonplussed.

Benchmark copper on the London Metal Exchange (LME) traded down 0.4 per cent at $US6,130 a tonne in closing rings after earlier reaching $US6,216, the highest since May.

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.