Copper futures slip as talks resume over Chile strike
21/03/2017 15:58
Copper futures were trading lower during afternoon trade in the domestic market on Tuesday as investors and speculators exited their positions in the industrial metal on hopes of restart of production at the world's biggest copper mine in Chile after unions and miner BHP Billiton said that they would hold further talks.
The striking workers’ union at the world's largest copper mine, BHP Billiton's Escondida, in Chile on Monday said that it was open to further conversations which could lead to reopening negotiations.
At the MCX, copper futures for April 2017 contract is trading at Rs 381.70 per kg, down by 0.95 per cent, after opening at Rs 384.95, against a previous close of Rs 385.35. It touched the intra-day low of Rs 380.10 (at 15:45 hours).
21/03/2017 15:58
The striking workers’ union at the world's largest copper mine, BHP Billiton's Escondida, in Chile on Monday said that it was open to further conversations which could lead to reopening negotiations.
At the MCX, copper futures for April 2017 contract is trading at Rs 381.70 per kg, down by 0.95 per cent, after opening at Rs 384.95, against a previous close of Rs 385.35. It touched the intra-day low of Rs 380.10 (at 15:45 hours).
