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KEFI Minerals Plc

London copper rises on hopes of stimulus to counter virus impact

London copper prices rose slightly on Wednesday as investors hoped that central banks around the world would launch stimulus measures to blunt the economic impact of the fast-spreading coronavirus.

Three-month copper on the London Metal Exchange (LME) rose 0.1% to $5,691 a tonne by 0451 GMT, although gains were limited and the contract fell as much as 0.5% in early trade as the outbreak rapidly escalated outside China.

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.