EPIC RESEARCH MCX COPPER UPDATE OF 20 MARCH 2017

Posted by aditi on 11:35:00 with No comments
Copper trading range for the day is 384.1-394.3. Copper rose and posted its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns. Striking workers at BHP Billiton's Escondida copper mine in Chile, are blocking attempts by the company to renew operations at a key port nearby. Goldman Sachs said fees to copper smelters in China were falling close to break-even costs of $50-$60 a tonne, at $60-$70 a tonne for now.

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