IBC Advanced Alloys Corp (IAALF)

[Slashnuts]

Cooper Prices Hit 2 Year High!$!$

LONDON, July 25 (Reuters) - Copper prices hit their highest in more than two years on Tuesday, boosted by signs of robust demand from top consumer China, tight supplies, a weak dollar and a break of key technical levels.
Benchmark copper on the London Metal Exchange was up 3.2 percent at $6,217 a tonne at 1445 GMT, having earlier hit $6,234 a tonne, its highest since May 2015. Gains accelerated after New York opened.
"China growth is looking stronger, it's encouraging at a time when you would normally expect a lull," said Cantor Fitzgerald analyst Asa Bridle. "We have a perfect combination of decent demand and tighter supplies."
CHINA GROWTH: China's gross domestic product was up 6.9 percent in the second quarter year-on-year, faster than the consensus 6.8 percent and the government's 6.5 percent target.
CURRENCY: The U.S. currency fell to a 13-month low against a basket of major currencies, making dollar-denominated metals cheaper for holders of other currencies and potentially helping demand.
SUPPLY: Disruptions to copper shipments from Canada and Chile have undermined expectations for rising global copper supplies in the second half of the year.

Good Luck To All!$!$