LME Cop­per Ral­lies on China Out­put Cuts

The Economic Times - - Finance & Commodities -

LME cop­per and alu­minium rose to 2-1/2 year highs on Wed­nes­day on ex­pec­ta­tions of out­put cuts in across many com­modi­ties in top pro­ducer China dur­ing the win­ter. By 0949 GMT, bench­mark cop­per on the LME had risen 0.3% at $6,495 a tonne, its high­est since Dec 2014.

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