Gold Silver Reports — Technically MCX Copper market is under long liquidation as market has witnessed drop in open interest by -0.94% to settled at 11840 while prices down -1.1 rupees.
copper tips
COPPER LOWER AFTER ESCONDIDA STRIKE GETS RESOLVED
Gold Silver Reports — MCX Copper slipped today following resumption of operations at a key global mine. The strike at Chiles Escondida, the worlds largest copper mine, is ending after workers decided to invoke a rarely used legal provision that allows them to extend their old contract, the union said on Thursday. The strike halted operations for more than 40 days.
Copper Shows Strength, Closes Above INR 380 On Wednesday
Gold Silver Reports — The International Copper Study Group (ICSG) published the latest monthly report showed in December 2016, global copper supply surplus of 17,000 tons, the total shortage of 5,500 tons in whole year, was below the supply shortages of 164,000 tons for 2015.
COPPER HIT ONE WEEK LOW AFTER STRIKE RESOLUTION TALKS RESUME
Gold Silver Reports – Copper has hit a one-week low as talks to resolve a strike at the worlds biggest copper mine in Chile were set to resume and production at another huge mine in Indonesia restarted. Perus copper production rose 24.8 per cent in January from the same month a year earlier while zinc output increased 11.3 per cent.