Copper extended its retreat to $3.3 per pound, the lowest in nearly 20 months, weighed down by heightened concerns of a global economic slowdown amid resurgent Covid-19 restrictions in top consumer China. Recession prospects also prevailed as major central banks signal aggressive tightening paths to combat surging inflation. The drawbacks could jeopordize Chinese authorities on their infrastructure push as the country aims to build a total of 461,000 kilometers of the national highway by 2035, weighing on metal consumption. On the supply side, copper output at Peru’s huge Las Bambas mine has returned to normal levels after a two-month shut down due to protests that ended last month.
i dont hold shares .hope this helps !!
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1 | 6276 | 0.810 |
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7 | 108120 | 0.800 |
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