KALONDE NYATI, Lusaka
DEPRECIATION of the United States dollar and robust prospects for global growth have favoured the price of copper on the world market, climbing as high as US$7,195.
According to Reuters, the price of copper on the London Metal Exchange (LME) rose for a fourth day to the highest in 10 days yesterday, supported by a decline in the dollar and strong prospects for global growth.
LME copper rose by 0.3 percentage points to US$7,186 per tonne in the early hours of yesterday after the dollar extended its losses against the yen and hit a fresh 15-month low, with market participants bracing for further near-term weakness in the green back.http://epaper.daily-mail.co.zm/
