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Copper to remain under stress next year after dismal performance in 2016

Posted on 19 October 2016

Copper is also inversely related to US dollar since copper is traded in US currency so any appreciation in US dollar will have negative impact on copper prices. In 2016, MCX Copper has rallied by 1.85% while COMEX copper has rallied by 3%, making it the worst performing base metal, while commodities like zinc and lead have appreciated by 55% and 42%.
Other base metals like aluminum and nickel all have posted double-digit gain this year. Copper has been underperformer this year and sentiment may remain sluggish next year also on back of China’s decline in refined imports as their domestic production of copper is increasing…………………………………Full Article: Source


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