Benchmark copper leapt to its highest level in more than eight years on Monday, building on last week’s solid gains driven by expectations of stronger demand and tight supply.
Other industrial metals also rose after U.S. Treasury Secretary Janet Yellen urged G7 finance leaders to “go big” with additional fiscal stimulus, raising hopes of a quick global recovery from the COVID-19 pandemic.
Three-month copper on the London Metal Exchange CMCU3 climbed as much as 0.9% to $8,406 a tonne, its strongest since September 2012, after last week’s 5.3% rise.
KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.
