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Copper opened Tuesday’s trading session with a small gap down but quickly covered the gap to extend bullish momentum to a second consecutive trading day despite swelling inventories, as demand is showing signs of pick-up while cross currents in supply reduced pressure cast by worries over a market surplus. Inventories tracked by the London Metal
Copper snapped a three-day losing streak on Thursday, but the gains are considered to be a short-lived correction, as grey clouds are hovering over the copper market. While demand from China, the world’s biggest producer and user of refined copper is sharply slowing down; copper supply, on the other hand, is rising as new miners