EPIC RESEARCH MCX COPPER UPDATE OF 16 FEBRUARY 2018

Copper trading range for the day is 451.6-462. Copper prices remained supported by a decline in the dollar and robust prospects for global growth. Chilean mining company Antofagasta received environmental approval for a major $1.1 billion revamp of its Los Pelambres copper mine. The three-stage infrastructure upgrade, unveiled in 2016, seeks to maintain the mine's copper output at approximately 400,000 tonnes of copper annually.

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