Copper trading range for the day is 448.8-462.8.
Copper prices gained following reports that Glencore will cut copper and cobalt production at its Mutanda mine.
The premium of cash over three-month copper spiked to $58, the highest since January 2015.
Copper stockpiles in LME-registered warehouses are near 13-year lows and LME time spreads have tightened rapidly, suggesting a shortage of nearby metal.
Warehouse stock for Copper at LME was at 139500mt that is up by 100mt.
Subscribe now for best COMMODITY TIPS
For quick free trial click here < +917316642316
Connect with our social media sites
| YouTube | Google+ |
0 on: "EPIC RESEARCH MCX Copper UPDATE OF 21 February 2019"