ZAMBIA’s major foreign exchange earner, copper, rebounded yesterday by 0.6 percentage point to US$6,709 a tonne. On Tuesday, copper price dropped to US$6,670 a tonne as stock markets and oil prices dived and the United States (US) dollar strengthened. Reuters reports that base metals in China fell across the board yesterday, pressured by a strong dollar and a slump in stock markets and oil prices but benchmark London copper rebounded after losses in the previous session. “The most-traded Shanghai copper contract finished the morning session down 0.6 percentage point at 52, 210 yuan (US$7, 620.67) a tonne,” Reuters reports. Source: Zambia Daily Mail.
COPPER PRICE REBOUNDS TO $6,709 PER TONNE
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The objectives of the Kitwe & District Chamber of Commerce and Industry are to promote the development of trade, commerce and industry in Kitwe and throughout Zambia. The second one is to make input into any matters connected directly or indirectly with such trade, commerce or industry and the last objective is to collect circulate among its members information and other matters as maybe of interest.