By BUUMBA CHIMBULUCOPPER prices rebounded as investors renewed their buying spree, hoping that supply constraints and buoyant demand would push the market to new peaks.Three-month copper on the London Metal Exchange (LME) gained 1.5 percent to US$10,533 a tonne in official trading after a volatile session the previous day, when it touched a record high before retreating to close in the red.This is according to a market update from Access Bank Zambia which further indicated that LME copper notched a record peak of $10,747 on Monday, having gained nearly 40 percent so far this year.And Absa Bank Zambia indicated that the most-traded June copper contract on the Shanghai Futures Exchange advanced 0.6 percent to 76,300 yuan (US$11,865) a tonne, also near its record 78,270 yuan a tonne.Still on the commodities market, gold prices rose on Tuesday to hover near a three-month high reached in the previous session as the dollar traded near multi-month lows, with […]
COPPER PRICES AT PEAK
