Copper metal on the London Metal Exchange edged a little higher to $US6,533 ($9,178) a tonne at Thursday’s market close, up from $US6,527/t Wednesday, as lower output from a key producer in Chile and a weaker US dollar supported prices.
Copper has been a star performer within the base metals complex after posting a strong recovery from its market low of $US4,320/t in mid-March.
“The general trajectory over the next 18 months is an upwards one,” Capital Economics copper analyst Kieran Clancy was quoted as saying in a Reuters report.
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.