Copper, the leader of the base metals complex, rose slightly by 0.1 percent on the LME as well as on the MCX on Wednesday. Rise in copper imports from China coupled with continuously falling LME copper inventories acted as a supportive factor for prices. The red metal inventories declined sharply by 1 percent to 258,325 tonnes on the LME warehouses on Wednesday. On a month-to-date basis, copper inventories dropped sharply by almost 13 percent from 296,425 tonnes in the end of February. On a month-on month basis, China’s imports of refined copper increased.....
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