Copper holds steady

Copper traded within a narrow range on Monday as investors gauged metals stocks against global economic headwinds, while the nickel contract on the London Metal Exchange (LME) resumed its Asian hours trading after over a year.

Three-month copper on the LME CMCU3 added 0.3% to $8,944 a tonne by 0216 GMT, after posting a weekly gain previously.

The most-traded May copper contract on the Shanghai Futures Exchange SCFcv1 was up 0.2% to 69,250 yuan ($10,063.94) a tonne.

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.

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