By BUUMBA CHIMBULUCOPPER prices have surged 3.3 percent on the London Metal Exchange (LME), the biggest gain in two months.The red metal surged as one of Peru’s biggest mines started winding down operations after failing to reach a deal to end community protests, delivering another blow to the local industry and global metal supplies.This is according to Access Bank Zambia daily market update which indicated that: “copper jumped 3.3 percent to settle at US$9,507.50 a metric tonne on the LME, the biggest gain in two months. All metals advanced on the LME.”Still on metals, Gold headed for the first weekly advance since the middle of November after the United Stated dollar tumbled overnight following several central bank announcements on monetary policy.According to Access Bank, the Bank of England unexpectedly raised interest rates on Thursday for the first time in three years, setting aside concerns over the coronavirus to tackle the highest inflation in more than […]
Copper prices up by 3.3 percent
