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.