Business

Copper declines to trade at US$6,468 a tonne

MINERS processing copper at one of the mines on the Copperbelt.

TRYNESS TEMBO, Lusaka
GLOBAL price of copper, which is the major source of foreign exchange for Zambia, declined to trade at US$6,468 a tonne on Thursday after the Federal Reserve raised anticipation of one more rate hike this year.

The commodity has been under pressure in the past few weeks after it hit almost US$7,000 a tonne signalling positive hope for Zambia.
London Metal Exchange (LME) copper had slipped 0.9 percentage point to US$6,468.50 a tonne, following a slightly softer close in the previous session, Reuters.http://epaper.daily-mail.co.zm/

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