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International copper prices have been projected to rise
up to 9,300 dollars by end of this year.
This follows e three-month delivery contract for copper
climb by as much as 1.1 percent to 7,816 dollars per tonne today.
Mike Keenan, currency strategist at Absa Bank, says the favourable
copper prices will work to the advantage of copper producing countries, like
Zambia.
Mr Keenan has further predicted a 1.7 per cent strengthening
of the kwacha, whose exchange rate against the dollar, he says will be 5,100
per dollar by mid-year.
He has cited the projected rise in copper prices
on the global market, as reason the kwacha’s predicted strength.
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