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June 9 London Copper Afternoon Review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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copper 2 hydroxide

heavy metal 2

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Optimistic expectations of global economic recovery have boosted the market, with London copper closing up $65 overnight, Indonesia planning to cut copper concentrate exports, and Peru's mining political uncertainty, copper expected to rise
today.

London copper

The World Bank raised its global economic growth forecast for 2021 to 5.
6%, the optimistic global economic recovery expectation boosted the market, overnight London copper trend was strong, the latest closing quotation of 10015 US dollars / ton, up 65 US dollars, or 0.
65%, the volume of 17578 lots increased by 8286 lots, and the position 317719 decreased by 1297 lots
.

In terms of inventories, the London Metal Exchange (LME) reported 127,200 tonnes of London copper on June 8, an increase of 2,500 tonnes, or 2.
00%,
from the previous trading day.

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