EPIC RESEARCH MCX COPPER UPDATE OF 16 JULY 2018

Copper trading range for the day is 416.6-427.2. Copper prices recovered on short covering but prices clocked up a fifth weekly loss on concerns about weaker demand amid a U.S.-China trade row. Prices seen pressured by concern about rising supply after Indonesia struck an agreement with Freeport-McMoRan Inc and Rio Tinto to buy a controlling stake. BHP handed in a proposal for a new labour contract to the union at its Escondida mine in Chile, the world’s biggest copper mine.

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