| London copper hovered near its weakest in two months on Monday as the dollar gained ground and as investors bet that more mine supply would drag on prices for the rest of the year. A long weekend in the United States was set to keep trading in check.
"We are cautious about the near-term price outlook for copper and aluminium ... in view of the pending U.S. Fed rate hikes, slower-than-expected capacity reduction in aluminium in China and a near-term oversupply threat in the global copper market" Argonaut Securities said in report...............................................Full Article: Source
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