Copper makes steady recovery
Published On June 20, 2022 » 1132 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI-
COPPER prices recovered slightly on Friday on the prospect of a strike in the world’s biggest copper producer Chile and signs of improvement in top buyer China’s economy.
According to Reuters, three-month copper on the London Metal Exchange added 0.4 per cent to $9,107 per tonne by 10:15 GMT after slumping by 1.7 per cent on Thursday and that it was on track to shed about three per cent this week.
Capital Economics in London chief commodities economist Caroline Bain said there was a risk of strikes in Chile, that could be giving copper a bit of a lift and that the activity data from China was a bit better than expected.

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