Copper rebounds on dollar pullback

Benchmark copper prices were firmer in early trade on Tuesday, as the U.S. dollar lost ground and risk sentiment improved after Federal Reserve policymakers allayed investor fears of a rapid pace of monetary tightening.

Three-month copper on the London Metal Exchange was up 0.3% at $9,530.50 a tonne, as of 0236 GMT, following a 2.2% decline in January, pressured by the dollar’s strength and concerns over prospects of a more hawkish U.S. central bank.

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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