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Nanhua Futures analysts said that copper prices fell during the early trading session in Asia, and it is expected that the range will remain volatile in the short term. Tight global supply and demand dynamics are likely to drive up prices. From a technical perspective, analysts believe the support level is at $13,500 per ton. Investors are closely watching the economic performance of Chile, the world's largest copper producer, according to analysts. Currently, the three-month London Metal Exchange copper contract is down 0.7% to $13,504.00 per tonne.
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Nanhua Futures analysts said that copper prices fell during the early trading session in Asia, and it is expected that the range will remain volatile in the short term. Tight global supply and demand dynamics are likely to drive up prices. From a technical perspective, analysts believe the support level is at $13,500 per ton. Investors are closely watching the economic performance of Chile, the world's largest copper producer, according to analysts. Currently, the three-month London Metal Exchange copper contract is down 0.7% to $13,504.00 per tonne.
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