EPIC RESEARCH MCX COPPER UPDATE OF 12 JULY 2018

Copper trading range for the day is 409.1-435.5. Copper dropped in a broad selloff after the United States raised the stakes in a trade war with China with threats of more tariffs. The tariffs will not go into effect immediately, but will undergo a two-month review process, with hearings on August 20-23. The Indonesian government is expected to announce the details of a deal to acquire a majority stake in the local unit of U.S. copper miner Freeport McMoRan Inc.

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