By BUUMBA CHIMBULULONDON copper prices have edged higher in positive territory for the second session, as the Kwacha remains broadly weak and is projected to trade at this level for the rest of the week.Markets have indicated that London copper prices edged higher on Wednesday, in positive territory for the second session.This is ahead of United States Federal Open Market Committee’s decision on interest rates, according to the Zanaco Daily Treasury newsletter.“Three-month copper on the London Metal Exchange (LME) added 0.1 to US$9,808.5 a tonne by and the most-traded copper contract on the Shanghai Futures Exchange rose 0.5 percent to 70,160 yuan a tonne,” the bank stated.This development comes after the copper price fell on Monday under pressure from risk-off sentiment in global markets.According to Mining. Com, the most-traded copper contract on the Shanghai Futures Exchange lost 1.1 percent to 70,480 yuan (US$11,131.64) a tonne.On Monday, activity on the LME’s copper contract shrank by 7.0 […]
COPPER EDGES HIGHER, KWACHA WANES
