Base Metals Preview: Copper spikes 2% as supply worries weigh

COMEX Copper futures stayed well supported amid falling LME Copper inventories and supportive equities. Markets also eyed roadblocks by informal miners that are disrupting transport of copper from some large mines in Peru. COMEX Copper futures spiked around 2% to hit fresh three-month high of $5.20 per pound in last session. The metal eased a bit in Asia today though as mixed equities weighed.

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