EPIC RESEARCH MCX Copper UPDATE OF 14 August 2018

Posted by Commodity Updates by Epic Research on 12:57:00 with No comments


* Copper trading range for the day is 415.1-430.3.

* Copper gained on Rupee weakness after prices seen pressure as a currency crisis engulfing Turkey rippled across markets, weighing on prices.

* The main union at Chile’s Caserones copper mine said that 98.5 percent of its workers had voted to reject a final offer from mine operator Lumina Copper during mediation.

* Four of the five labour unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco.

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