A sharp increase in inflation expectations for the US Dollar this year have led to heightened volatility across global assets and affected copper and iron ore prices, market sources told Fastmarkets.
Market sources said the rising inflation expectations were an indication of investor confidence in the economic recovery, leading to bullish markets for commodities such as copper and iron ore.
For instance, the daily official cash price for copper on London Metal Exchange reached a seven-year high of $9,614.50 per tonne on February 25. This compares with $7,918.50 per tonne on January 4, the first trading day of 2021.
KEFI Gold & Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.