Kitwe & District Chamber of Commerce and Industry

COPPER PRICE HITS $6,610 PER TONNE

COPPER PRICE HITS $6,610 PER TONNE

THE price of copper closed on a good note gaining by 0.7 percentage point to trade at US$6,610 due to demand from top consumer China, which is witnessing an economic rebound. Low inventories in exchange warehouses and disrupted ore supplies also help to push the price of the commodity, which is Zambia’s main source of export revenue upwards. “Three-month copper on the London Metal Exchange advanced 0.7 percentage point in the early hours of Friday,” Reuters reported. The case however was different on the Shanghai Futures Exchange as the most-traded October copper contract fell by 0.8 percentage point to 51, 500 yuan (US$7, 526) a tonne. Source: Zambia Daily Mail

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