Copper prices climbed to their highest in three weeks yesterday to trade at US$8,505 per tonne as the Kwacha is in the short term expected to trade defensively.
Reuters reports that the commodity price improved as more cities in top metal consumer China announced an easing of COVID-19 restrictions, coupled with a weak United States (US) dollar.
Three-month copper on the London Metal Exchange was up 0.7 percentage point at US$8,505.50 a tonne. This is contained in a report published by Zambia Daily Mail.