Copper prices rally

Copper is poised to rise for a third straight week, notching its longest winning streak since mid-January.

Prices for the industrial metal have most recently been boosted by this week’s series of interest-rate cuts by China’s central bank and a potential new spending drive to revive growth.

China, the world’s second-largest economy, is one of the biggest global buyers of copper, which is widely used in construction and manufacturing.

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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