| The outlook for copper is "not convincing" enough to sustain a price rebound, with London Metal Exchange open interest waning, VTB Capital analyst Andrey Kryuchenkov said Wednesday. "This week saw heavy losses for copper, with the red metal erasing early September gains in a single stroke and tumbling towards support at August lows," Kryuchenkov said in a research note.
He noted that persistently disappointing macroeconomic data is weighing on the LME complex, "with slack interest for most metals and specifically for copper, where improving supply side dynamics in the long run go in hand with short-term macro jitters and concerns over Chinese consumption."..............................................Full Article: Source
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