Friday, 23 January 2015

Base Metals News and Tips for Today

Base Metals
Base metals on the LME declined on Thursday as the Eurozone economy is in doldrums and the monetary easing boost by the ECB to pump in 60 billion euros in the economy is a step in the right direction.

Copper prices declined by 1 percent on Thursday to close at $5679.5/ tonne as climbing inventories highlighted oversupply in the market and consumers waited for weaker prices.

MCX copper prices declined by 1 percent yesterday and closed at Rs.351/kg in line with weak international markets.

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