Copper gains on supply disruptions

Copper prices rose on Wednesday, supported by supply disruptions and expectation of a demand recovery in top consumer China, even as the dollar held firm after sticky US inflation suggested interest rates would remain higher for longer.

Three-month copper on the London Metal Exchange climbed 0.5% to $8,993 a tonne by 0209 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange was up 0.8% at 69,040 yuan ($10,109.83) a tonne.

Supply disruptions amid political unrest in copper-rich South American countries and extreme weather conditions in Indonesia have raised concerns about copper concentrate availability in China.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Gold and Copper

More articles like this

Gold surge signals deepening doubts in the dollar

As gold prices shatter records and global central banks quietly shift their reserves, investors are seeing more than just a rally in precious metals—they’re witnessing a growing global scepticism about the future of the US dollar.

KEFI Gold and Copper

Gold soars to new heights

Gold prices surged past previous records on Monday, driven by a wave of safe-haven demand following fresh tariff threats from U.S. President Donald Trump. As global trade tensions escalate, investors are piling into the precious metal,