Wednesday 25 July 2018

EPIC RESEARCH MCX COPPER UPDATE OF 25 JULY 2018

12:50:00

Copper trading range for the day is 415.7-440.1. Copper prices bounced back buoyed by concerns over possible disruptions to supply from the world’s biggest copper mine. LME copper stood above $6,300/mt and touched the 20-day moving average as investors added their long bets on threat of a strike at Escondida copper mine in Chile. BHP's Escondida copper mine in Chile said it had made a final offer in talks with the union representing its rank-and-file workers.

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