首页|Copper-Consolidates on higher levels amidst slackening supplies
Copper-Consolidates on higher levels amidst slackening supplies
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NSTL
The copper market is likely to consolidate on the current high levels as the fundamentals are supporting the further increase in prices amidst news of deficit supplies, strike concerns in Latin American countries of Chile and Peru (major suppliers of copper) and increased demand of green energy. The global supply is yet to recover from the supply disruption taking place owing to COVID-19 and keep pace with the rise in demand. The copper market is also finding support from the weakening dollar and emergence of the new Delta Variant of COVED which is expected to be more infectious and may cause large scale disruptions.
NSTL
