Daily Market News

Copper Price Hits New Record of USD13,000 in London – Mining.com

Copper touched USD13,000 a ton in London for the first time on Monday, extending last year’s scorching rally that was fuelled by mine outages and trade dislocations. Benchmark futures on the London Metal Exchange (“LME”) rallied as much as 4.3% to nearly USD13,020 per ton, before pulling back to the USD12,500 level. Copper ended last year on a high, having notched a series of records on the LME. That resulted in its best annual performance since 2009 at more than 43%, making it the best-performing industrial metal on the bourse.

South Africa Business Activity Contracts In December At Fastest Pace In 11 Months, PMI Shows – CNBC Africa

South Africa’s business activity contracted sharply in December, marking the weakest performance since last January as demand waned and firms reduced purchases and inventories, an S&P Global survey showed on Tuesday. The Purchasing Managers’ Index (“PMI”) fell to 47.7 in December from 49.0 in November, remaining below the 50.0 mark that separates growth from contraction. December’s reading means the index was in contraction territory throughout the final quarter of 2025.

Senegal’s International Bonds Climb On Investors Optimism Over IMF Deal  – CNBC Africa

Investor optimism about the possibility of a new International Monetary Fund (“IMF”) lending programme drove Senegal’s international bond prices higher, with prices rising by more than 2 cents. Senegal’s 2033 dollar bond led the gains, climbing 2.8 cents to trade at 62 cents on the dollar, marking its highest level in five weeks, Tradeweb data showed. The advance followed a sharp sell-off that pushed the bond to a record low on December 17. Senegal’s euro-denominated bonds also rose more than 2 cents.

Disclaimer: sources are the Bank of Zambia, LuSE and ZamStats. The information on our analytics is based on sources deemed reliable, but Pangaea Securities Limited accepts no liability for any loss resulting from its’ use or from any omissions. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures. Pangaea Securities Limited, their affiliates, directors, officers and employees may have a long or short position in Zambian securities including any described herein.