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Wednesday 20 June 2018

EPIC RESEARCH MCX COPPER UPDATE OF 20 JUNE 2018

Copper trading range for the day is 451.9-470.9. Copper prices remained under pressure after China said it would firmly respond to any measures by the United States to widen tariffs on Chinese goods. US President Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and China responded to say it would fight back firmly. Labour talks in top producer Chile and the likelihood that miners will fall short of production are supporting supply.

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