Copper prices settled flat paring most of its gains pressured by a firmer dollar and a rise in inventories, offsetting better than expected factory growth in top metals consumer China
Copper on MCX settled up 0.49% at 361.55 as the dollar dropped, but gains were dampened by evidence that China's economy encountered a soft patch in April.
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Copper prices settled flat undermined by concerns over weakening demand and oversupply. BHP Billiton said it had lifted a declaration of force majeure at its Escondida copper mine in Chile
Copper on MCX settled up 0.64% at 376.8 amid falling stocks and expectations of stronger demand in top consumer China persuaded buyers to return to the market.
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LME copper prices are trading lower by 1.4 percent today at $4707/tonne as GFMS forecast a 150,000 mt surplus for both 2016 and 2017, as well as a fifth year of price declines.
Copper prices fell on Wednesday as the dollar rallied after a stream of encouraging US economic data supported the case for more rate rises this year