Copper prices dropped after the U.S. Federal Reserve signalled that it was not on a preset path to more monetary policy easing and expectations of softer demand growth.
Minutes of Fed’s last month meeting showed policymakers were deeply divided over whether to cut interest rates.
Copper demand growth in China will only post a modest recovery from current levels, as the autos and consumer.
Warehouse stock for Copper at LME was at 328250mt that is down by -1325mt.
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