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May 28 London Copper Afternoon Review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Biden administration's spending plan boosted market sentiment, London copper closed up nearly 3.
4% overnight, Chile may face risks to future million tons of production, supply concerns to provide support, copper materials are now up
today.

London copper

The Biden administration's large-scale spending plan boosted market sentiment, and copper climbed sharply to a more than one-week high overnight, with the latest closing quotation of $10,294 / ton, up $336, or 3.
37%, with a volume of 13,926 lots and an increase of 5,714 lots, and a 757-hand increase in 312747 positions
.

In terms of inventories, the London Metal Exchange (LME) reported 123,750 tonnes of London copper on May 27, down 950 tonnes, or 0.
76%,
from the previous trading day.

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