October 18, 2017

MTECHTIPS;-COPPER

Copper in New York gained after workers at BHP Billiton Ltd.’s Escondida mine in Chile turned

down a wage proposal, threatening a stoppage at the copper mine. Tight copper supply and sings

of improving manufacturing activity in China is expected to support copper prices. Japan’s easing

policy is expected   to support the copper prices. OUTLOOK: Copper is expected to trade with positive  bias on supply disruptions news however US fiscal cliff will be the major trigger for the movement of copper prices and later on take cues from US economic

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