Thursday, 10 January 2019

Copper Moved Higher After A Report That Top Consumer China

Copper trading range for the day is 411-424.4.

Copper moved higher after a report that top consumer China would try to boost spending on autos and home appliances this year.

Exports of copper concentrate from Indonesia’s Grasberg mine, are expected to drop to 200,000 tonnes this year from around 1.2 million tonnes in 2018.

China's National Development and Reform Commission, said that the policies would be part of wider efforts to strengthen domestic consumption in China.

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