01-01-1970 12:00 AM | Source: Kedia Advisory
Copper trading range for the day is 723.7-736.9 - Kedia Advisory
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Aluminium

Observations

Aluminium trading range for the day is 201.7-204.5 Aluminium dropped as China's aluminium imports in May climbed 1.8%. China's primary aluminium output in May rose only slightly from a year earlier Investor sentiment was boosted by U.S. economic data showing an unexpected rise in May retail sales

 

Copper

Observations

Copper trading range for the day is 723.7-736.9 Copper gained amid mounting supply concerns, and hopes of a pickup in demand. Rising production in China and LME inventories weighed. China, posted a year-on-year increase of 12.9% in refined copper production in May to 1.1 million tons

 

Zinc

Observations

Zinc trading range for the day is 212-221 Zinc dropped amid an absence of details on further stimulus measures from China Swedish miner Boliden that it will halt production within the next month due to "unsustainable financial losses." S&P Global predicts a modest 1.4% growth in global refined zinc demand for 2023

 

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