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ZOID RESEARCH 26- MAY-2014 : COPPER

by Tanisha joshi 10:16 PM 0 comments
Global Copper stocks at LME declined by 1500 tons and the total stocks as on Friday stood at 175850 tons
 The cash to forward premium for copper at LME has shrunk sharply to -$84 indicating the either the spot demand may be
good in the near term or gradually the commodity may turn bearish in the medium term.
News: May 23 (Bloomberg) -- Jinchuan Group, China’s 3rd-largest refined copper producer, may restart plant in Jinchang
city in northwestern Gansu province around end-June, according to Zhang Xuxiang; Shanghai based gGM of company’s marketing init.

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