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      Base Metals Preview: Copper silent in trades ending 19 Apr 2017

      MoM Team / Mumbai, Apr 20, 2017 10:27 AM IST

        Base Metals Preview: Copper silent in trades ending 19 Apr 2017

        The prices of Copper was down 0.04 percent in the session ending 19 April 2017. The session saw Copper ending at Rs 361. China's refined copper output rose 8.5 percent in March from a year ago to 764,000 tonnes, its highest since at least December 2015, while aluminium and iron ore output levels were the lowest in months, according to the National Statistics Bureau.

        In another news, due to the strike events of Escondida copper miners, Chile's copper production dropped sharply in February of this year, hit a record low in three years.

        Chile's National Copper Commission (COCHILCO) the latest statistics showed in February of this year, Chile's copper production totaled 370,900 tons, down by 17.2 percent, to 448,100 tons compared with last month.

        The strike was lasting for up to 43 days, affected by the strike, the country's copper annual output dropped from 5.79 million tons to 5.6 million tons.

         


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      Source: Capital Market



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