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.