Copper prices rose on Monday on increased demand and as the US dollar fell.
Copper for delivery in May was up 1.98% in afternoon trade, with futures at $4.2505 per pound ($9,3511 a tonne) on the Comex market in New York, nearing February’s peak of $9,617, the highest since 2011.
“That February high will be tested sooner or later,” Saxo Bank analyst Ole Hansen told Reuters.
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.