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  • COMEX Copper futures tumbled today on weak Chinese economic data. The red metal had edged up earlier this week on media reports that major global producer Codelco is facing delays in bringing back refined copper smelting at its Chuquicamata plant. However, the commodity fell sharply today. Chinas industrial output rose by 5.3% year on year in the first two months, narrowing from 5.7% growth in December 2018, the National Bureau of Statistics said Thursday. This data marked 17-year low for the measure. COMEX Copper futures are currently trading at 2.89 per pound, down 1.30% on the day following todays correction.

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