MCX Copper Prices To Trade Lower Today - Ripples Advisory Pvt Ltd

LME Copper prices plunged 2.2 percent to 5804/t, as investors cautiously awaited vote on Trump’s healthcare bill in the US with bated breath after it was delayed on Thursday. Further, supply disruption concerns were pt to ease after Also, workers at the Escondida mine in Chile ended their 43-day strike, and restart is based on a provision of Chile's mining law allowing staff to resume work under their old contract for an 18-month period. 

Besides, Freeport’s Grasberg mine in Indonesia resumed copper production after over a month strike. MCX copper prices traded lower by 2.6 percent last week to close at Rs.380.8 per kg on Friday.

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