Copper Dropped On Long Position Unwindling As Prices Rallied More

Copper trading range for the day is 389.6-409.2. Copper dropped on long position unwindling as prices rallied more after prices prospects of supply disruptions.

Workers at Escondida mine in Chile, the world´s biggest copper mine, have voted to reject a company wage offer and go on strike.
CME raises COMEX copper futures maintenance margins by 12.7 percent to $3,100 per contract from $2,750 for February and March 2017.

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