Tag: global copper deficit outlook
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LME base metals prices inch up d-o-d; Copper hits fresh record on China stimulus signals
US stockpiling tightens global copper availability further Oil steadies near highs on Fed rate hopes Base metals traded mixed on the London Metal Exchange (LME), with copper leading the positives as prices rose 1.46% to $11,617/t. Nickel and lead also inched higher, gaining 0.15% and 0.20% respectively, while zinc posted a marginal 0.08% rise to…