Zambia: Copper Prices Soar to U.S.$9,650 Per Tonne

Copper prices on the London Metal Exchange (LME) rose by one per cent to $9,650 a tonne yesterday according to Bloomberg.

Prices have climbed amid a broad rally across industrial commodities from iron-ore, to aluminum.

Bloomberg analysts said economic bellwether copper has been boosted by prospects for rebounding growth as the global vaccine rollout gathers pace, the United States (US) dollar weakens, and on expectations that a years-long era of low inflation in major economies may be coming to an end.

More From: Times of Zambia

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.