According to Achiievers Equities,Copper rose and posted its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns.
Achiievers Equities' commodity report on Copper
Copper trading range for the day is 384.1-394.3.
Copper rose and posted its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns.
Striking workers at BHP Billiton's Escondida copper mine in Chile, are blocking attempts by the company to renew operations at a key port nearby.
Goldman Sachs said fees to copper smelters in China were falling close to break-even costs of $50-$60 a tonne, at $60-$70 a tonne for now.SELL COPPER APR 2017 @ 389.80 SL 393.80 TGT 386.20-383.20.MCX.
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