Copper Prices Recovered From Lows Amid Ongoing Supply Concerns

Copper trading range for the day is 401.6-408.6. Copper prices recovered from lows amid ongoing supply concerns from industrial action in Chile and an Indonesian export permit dispute underpinned prices.

A government-mediated meeting between BHP Billiton and striking workers at its Escondida copper mine in Chile has failed. 

China's central bank said it would extend a preferential scheme for some banks that would free up additional funds for lending.

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