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Thursday, 16 August 2018

EPIC RESEARCH MCX COPPER UPDATE OF 16 AUGUST 2018


Copper trading range for the day is 410.5-425.5. Copper fell pressured by concerns that the collapse of the Turkish lira could infect emerging markets and as data showed the Chinese economy was cooling. Chile’s copper industry braced for the announcement of a potential strike at as government-led mediation was expected to close by the end of Monday. The main union at Chile’s Caserones copper mine said both sides had agreed to extend government mediation of labour talks until Thursday.

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