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Copper futures in red at MCX

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However, LME witnessed a subdued opening today. LME Copper stockpiles are up 475 tonnes at 161375 tonnes today.

Poor Industrial production data from UK pressurized the commodity today. According to data released by UK’s National Statistics, industrial production has dropped 0.8% in the United Kingdom in October.

LME Copper for three month futures are trading at $7095 right now, down $80 while MCX February futures are trading at Rs 322.35 per kg, down Rs 3.95 after trading as low as Rs 321.55 a kg.