Business

Copper price up on global market

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

TRYNESS TEMBO, Lusaka
AFTER dropping by seven percent in the first quarter, copper price on the global market last week rose to trade at US$6,729 a tonne.
The commodity, which is Zambia’s source of foreign exchange, was at its weakest since early December at US$6,532 a tonne and is on course for a 7.1 percent loss for the first quarter after double-digit growth for the past two years.
Reuters reports that the London Metal Exchange copper was up one percent at US$6,729 a tonne, having stabilised in the previous session.
“London copper moved higher on Thursday [last week] but has dropped by around seven percent in… http://epaper.daily-mail.co.zm/

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