Sat, 14 Jan 2017 09:37:54 +0000 COPPER is back in the big league on the London Metal Exchange and has leapt to US$5,816.00 a tonne – and was slowly edging towards the magical US$6,000 mark. According to Cavmont Bank Zambia daily market report, the red metal appreciated by US$67.50, from the US$5,241.5 a tonne trade at end of business on Thursday. During the same business trading session, prices for Brent crude oil equally went up by US$2.18, resulting in a barrel trading at US$56.10. Prices of gold also registered an increase of US$13.90, making an ounce currently trade at US$1,202.00. On the exchange rate market, the Kwacha continued its bullish run against the dollar on Thursday, as it touched an intra-day high of K9.910 / K9.960 after opening at K10.030 / K10.080. The bank reports that the local currency tracked other emerging market currencies such as the South African rand which also gained against the […]
