Copper prices rise to highest at 1.2 percent

TRUCKS with copper at the Zambia-Botswana Kazungula Border Post. PICTURE: EDDIE MWANALEZA

COPPER prices yesterday rose to their highest in nearly six weeks as investors left a subdued equities market for more attractive assets and as floods in China sparked supply concern.
The commodity which is Zambia’s major foreign exchange earner was trading at US$9,632 from US$9,461.50 a tonne on Friday.
Reuters reports that three-month copper on the London Metal Exchange increased by 1.2 percent.
“This is after rising as much as 1.6 percent earlier in the session to US$9,665 per tonne, its highest since CLICK TO READ MORE

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