Wed, 30 Aug 2017 09:40:33 +0000 By Buumba Chimbulu THE price of copper on the international market has continued to rise and expected to reach the US$7,000 threshold a tonne. It is currently trading at US$6, 713.0 owing to genuine excitement among investors over worldwide growth and capacity cuts. And an international economist, Lubinda Habazoka, said the development is good for the economy which largely depends on copper and cobalt while calling for the nationalisation of all mining companies. The price of copper has reached one of its highest level since May 2015 on hopes of a pickup in demand from China and infrastructure development in the United States. The red metal has continued to register increase in its prices for the last two months, creating more positive prospects for the Zambian economy whose main anchor is still on copper. Copper prices are expected to continue rising during this year, according to the latest Chinese […]
