MCX Copper Updates , Intraday Outlook

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MCX Base Metals are trading higher about 0.5-1 per cent in domestic markets. Yesterday their was a sharp fall in the base metals but these are recovering from lower levels. MCX Copper on the London Metal Exchange(LME) appears to be improving. Weak rupee against the dollar is to get the support base metals.

On the international market in the year 2011 Copper has declined by 23 percent. Copper is down 28 per cent to record levels of 10,190 dollars per ton. But now Copper on the London Metal Exchange has returned to the lower level shopping since last month.

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