Copper prices have failed to make any convincing headway over the past week, andremain in a $5,500-5,600/tonne trading range. Off recent trading lows, yes, but as yetnothing too indicative of a pending rally. Recent lows have yet to precipitate any mineclosures, LME stocks have been building and Chinese imports for June remained low andproduction increased. While MBR does not view any of these factors with a great deal ofconcern, they certainly do not provide a backdrop to incentivise prices to push higher.
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