The Zambia Chamber of Mines says copper prices on the international market will continue to periodically rise according to transient events.

Speaking in an interview with Money FM News, Chamber Chef Executive Officer Sokwani Chilembo said prices of the commonality are expected to fluctuate often this year.

“And the copper price will periodically rise according to tangent events, so we will see the prices go up and down over the next 24 mounts” Chilembo said.
Mr Sokwani adds that the country will begin to see sustained increase in copper prices on the international market by the end of the year, following a larger deficit to supply.

He adds that the change in commodity prices is a normal due to change in global factors.
“So what is seen now is just a normal change in price due to global factor” He said. 

According to the London Metal Exchange copper prices are now trading at about 6300.50 per tonne following the signing of Phase one of the trade deal between China and the US.