COPPER / NICKEL ALL TARGET DONE 🏆🏆🏆 | Neal Bhai Reports. MCX Copper yesterday settled down by 2.98% at 760.5 after as the National Development and Reform Commission responded to the recent sharp increase in commodity prices, stating that commodity prices will gradually return to the fundamentals of supply and demand.
What You Think Next MCX Copper price Target 900?; Copper cleanly broke above its prior high last Friday, closing at $10,417/mt to comfortably beat the prior intraday high of $10,170/mt set ten years ago.
MCX Copper Price Forecast: Growth is likely to be relatively slow due to muted global demand. Is the world copper market in deficit or surplus? This has been a multi-million dollar question agitating investors and market participants of this prized industrial metal for some time now, especially given the metal’s stellar price performance in recent months.
MCX Copper / Nickel Trading Tips: Copper yesterday settled down by 0.17% at 761.6 as dropping premium signalled demand weakness in top consumer China at a time when prices were edging near a record high in London.
Copper supply and production costs: Copper price mining is primarily focused within South America which can have a large bearing on the price of copper. Shortage of supply, quality of copper and the variations in production costs can all have resultant impacts on price. This leads on to country specific risk which can affect supply due to political instability or work related issues.