Copper Dropped As Pressure Seen After LME Copper Inventories

Copper trading range for the day is 440.5-451.5.

Copper dropped as pressure seen after LME copper inventories have surged 67 percent over the past two days.

Chinese Premier Li Keqiang said a planned cut in value-added tax would take effect from April 1.

China's refined copper output in January and February rose by 6.3 percent year-on-year to 1.34 million tonnes, the National Bureau of Statistics said.

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