Copper prices have soared 45 per cent since mid- March this year despite the International Monetary Fund (IMF) downgrading its global forecast owing to the outbreak of the COID-19 pandemic. Data from Bloomberg indicates that the “red metal” in London reached $ 6, 360 a tonne at one point on Thursday, the highest since May 2019 before slipping back to Monday’s $6, 300. The gains in copper prices have been driven by concerns over low supply from key producrs in South America. “ Thousands of copper workers have fallen ill in Chile, which is by far the world’s largest producer of the metal, accounting for more than a quarter of global supply. Source: Times of Zambia Newspaper.
COPPER PRICES RISE BY 45 P.C
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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.