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MCX Commodity Tips: China is To Set Base Metal Trend

The global mine production during the period from January to May this year totaled 7.82 million tonnes. The mine production has grown by 3.5% when matched with the corresponding five-month period in 2014. Besides, global refined copper output jumped higher by 3.2% over the previous year to 9.31 million tonnes. Chinese refined copper output reported significant increase of 189,000 tonnes during this period. EU-28 region’s production grew by 1.7% during January to May 2015.

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