Business

Copper price is $10,030

STEPHEN PHIRI, Lusaka
THE price of copper yesterday rose past a key psychological level of US$10,000 a tonne on the London Metal Exchange (LME) buoyed by optimism about global economic recovery.
Reuters reports that the price of the metal rose by 0.6 percentage point to US$10,030, its highest level since February 2011 when the contract hit its record high of US$10,190 a tonne.
“Copper prices rose past a key psychological level of $10,000 a tonne on Wednesday, buoyed by optimism about global economic recovery, but trading volume was tepid due to China market holidays,” Reuters reported.
The price of copper on the LME was US$9,909.50 a tonne on Tuesday.
Copper is Zambia’s top foreign exchange earner.
Gold prices ticked up yesterday, lifted by a retreat in the dollar, although gains were kept in check after CLICK TO READ MORE



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