• Copper dropped on Monday at $7951.5 per ton
• Copper gained towards the end of the week to trade at $8002.5 cents
• Zambia Revenue Authority says a favourable Copper price outturn will positively impact the country’s revenue collections.

Copper prices on the London Metal exchange have been fluctuating this Week.

The Performance of the Metal on the international market follows a drop at the start of the Week on Monday at $7,951.5 a ton from $8,146 per ton, its highest in the first two weeks of 2021 recorded on the 8th of January.

On Tuesday Copper gained to $7,983 per ton and later dropped 23 cents trading for $7,960 per ton on Wednesday trading sessions.

However the reddish coloured brown metal towards the end of the week gained by 42.5 cents to cross the $8000 dollar Mark to trade at $8002.5 cents a ton.

The Zambia Revenue Authority Commissioner General Kingsly Chanda is of the view that a favourable Copper price outturn this year backed by the 2020 price surge will positively impact the country’s economy and revenue collections. 

The copper boom has been fueled in part by demand for commodities from China, which was first hit by the Covid-19 pandemic.