Copper Dropped As Prices Pulled Back Below 6000 Level On LME

Copper trading range for the day is 393.5-405.9. Copper dropped as prices pulled back below 6000 level on LME as talks renewed between striking workers and management at Chile's Escondida copper mine.

Indonesia's ministry said it has issued a recommendation that is expected to allow the local unit of Freeport McMoRan Inc to resume copper concentrate exports.

The announcement comes after a more than one-month stoppage which push global copper prices to 21-month highs this week.

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