EPIC RESEARCH MCX COPPER UPDATE OF 25 July 2018

Posted by Commodity Updates by Epic Research on 13:17:00 with No comments

Copper trading range for the day is 415.7-440.1.

* Copper prices bounced back buoyed by concerns over possible disruptions to supply from the world’s biggest copper mine.

* LME copper stood above $6,300/mt and touched the 20-day moving average as investors added their long bets on threat of a strike at Escondida copper mine in Chile.

* BHP's Escondida copper mine in Chile said it had made a final offer in talks with the union representing its rank-and-file workers

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