Monday, 12 January 2015

Daily Base Metals Market News

Base Metals
Base metals on the LME traded negative in the last week last week due to dollar strength, plunging oil prices and concerns on demand from top consumer China as the country moves to raise output.

LME Copper prices plunged by 2.3 percent in the last week after uncertainty about demand from consuming giant China after the government unveiled a new export tax rebate for some copper products.

On the MCX, copper prices slumped by 4 percent due to rupee appreciation and closed at Rs.382.2/kg on Friday.
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