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Congo H1 copper output up 15 pct, inflation to hit 52 pct -cbank
August 24, 2017 / 11:04 AM / 4 months ago

Congo H1 copper output up 15 pct, inflation to hit 52 pct -cbank

JOHANNESBURG, Aug 24 (Reuters) - Copper production in Democratic Republic of Congo, Africa’s top producer of the metal, rose 15 percent year-on-year in the first half of 2017 to 553,811 tonnes, and cobalt production surged 27.2 percent to 39,535 tonnes, the central bank said.

The bank forecast year-end inflation at 52.6 percent, up from an earlier projection of 48 percent and from last year’s figure of 25 percent. (Reporting By Aaron Ross; Editing by Tim Cocks)

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