Copper steadies near 3-week high

London copper prices on Tuesday held steady near a more than three-week high, after better factory activity data and easing of COVID-19 lockdowns in top metals consumer China lifted demand prospects.

Three-month copper on the London Metal Exchange CMCU3 was flat at $9,537.50 a tonne by 0342 GMT, after hitting its highest since May 5 at $9,579 on Monday.

“There are better demand expectations since industrial activity is recovering and consumer demand is increasing on the back of declining COVID-19 cases in China, Shanghai reopening and manufacturing restarting from Wednesday,” a metals trader in Singapore said.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Gold and Copper

More articles like this

Gold surge signals deepening doubts in the dollar

As gold prices shatter records and global central banks quietly shift their reserves, investors are seeing more than just a rally in precious metals—they’re witnessing a growing global scepticism about the future of the US dollar.

KEFI Gold and Copper

Gold soars to new heights

Gold prices surged past previous records on Monday, driven by a wave of safe-haven demand following fresh tariff threats from U.S. President Donald Trump. As global trade tensions escalate, investors are piling into the precious metal,