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Friday, 6 July 2018

EPIC RESEARCH MCX COPPER UPDATE OF 6 JULY 2018

Copper trading range for the day is 427.1-444.3. Copper dropped as markets remained wary over the China-US trade war ahead of tariffs implementation. China’s second-quarter economic growth is expected to have slowed slightly from the previous quarter, as the government’s efforts to tackle debt risks crimp activity. A rebound in copper price is "essential" for Chile's new government to finance its agenda, the mines minister said, after the metal fell to a nine-month low.

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