Copper price rebounds

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

ZAMBIA’S main source of export earning, copper has rebound to US$6,000 levels, giving confidence of improved revenue contribution to the treasury.
Recently, the price of copper has been affected by the persistent United States (US)-China) trade war, but if the current trend of the base metal continues and hit US$7,500 per tonne, Government could collect the 10 percent mineral royalty tax from mining companies.
At the opening of the week, copper traded at US$6,051 a tonne, however, yesterday the commodity declined by 0.6 percentage point to US$6,004.

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