Posted by aditi on 11:16:00 with No comments
Copper trading range for the day is 397.7-411.1. Copper gained buoyed by supply worries after the copper mine in Indonesia said it could not deliver promised shipments due to export permit issues. The copper market is likely to move into deficit in 2017 for the first time in six years, due to a combination of tightening supply and recovering demand. Escondida declared force majeure, but industry sources said that smelters and fabricators were still amply supplied with metal.
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