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KEFI Minerals Plc

Shanghai copper climbs over 5-month peak

Shanghai copper prices on Monday hit a more than five-month high on supply risks in top producer Chile, while a weaker U.S. dollar boosted prices of the red metal in London.

The most-traded August copper contract on the Shanghai Futures Exchange jumped as much as 1.7% to 48,570 yuan ($6,862.01) a tonne, its highest level since Jan. 22. Three-month copper on the London Metal Exchange rose 0.3% to $5,976.50 a tonne by 0359 GMT.

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.