Copper hits one-month high

London copper prices on Monday scaled to their highest in more than one month, as relaxation of COVID-19 lockdowns in top metals consumer China and hopes that the US would cut tariffs on Beijing lifted sentiment.

Three-month copper on the London Metal Exchange was up 2.1 percent at $9,695 a ton, as of 0352 GMT, after hitting its highest since April 29 at $9,805.50 in early Asian trade.

The most-traded July copper contract in Shanghai rose 1 percent to $10,930.32 a ton.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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