DOLLAR ADVISORY MCX COPPER UPDATE OF 18 Nov 2016

Copper trading range for the day is 361.8-380.2. Copper gains on speculative flows and against the backdrop of falling inventories for the metal used in construction and power. The global copper market will be oversupplied for at least two years, casting doubt on the chances of a prolonged rally in prices. Global miner Anglo American said it was suspending all operations at its Los Bronces copper mine in central Chile.

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