EPIC RESEARCH MCX Copper UPDATE OF 16 August 2018

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

Copper trading range for the day is 410.5-425.5.

* Copper fell pressured by concerns that the collapse of the Turkish lira could infect emerging markets and as data showed the Chinese economy was cooling.

* Chile’s copper industry braced for the announcement of a potential strike at as government-led mediation was expected to close by the end of Monday.

* The main union at Chile’s Caserones copper mine said both sides had agreed to extend government mediation of labour talks until Thursday.

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