Copper trading range for the day is 374.7-392.7.
Copper gained following upbeat jobs data from the United States and the return of Chinese buyers after a two-day break.
Prices came under pressure last week from indications that a number of production outages that had driven prices sharply higher in February were coming to an end.
Peru will likely gradually increase its copper production to 3.1 million tonnes in 2021 from an annual 2.35 million tonnes expected for both this year and next.
Copper gained following upbeat jobs data from the United States and the return of Chinese buyers after a two-day break.
Prices came under pressure last week from indications that a number of production outages that had driven prices sharply higher in February were coming to an end.
Peru will likely gradually increase its copper production to 3.1 million tonnes in 2021 from an annual 2.35 million tonnes expected for both this year and next.
No comments:
Post a Comment