Posted by aditi on 11:50:00 with No comments
Copper trading range for the day is 384.8-420.4. Copper prices rallied as LME prices jumped above $6000 on talk of BHP Billiton declaring force majeure on shipments from its Escondida mine in Chile. Freeport had said that it would scale back output at Grasberg, but Indonesia's mining ministry said the company could apply immediately to restart exports that were stopped on Jan. 12. China reported better-than-expected trade data for January as demand picked up both at home and abroad, an encouraging start to 2017 .
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