Breaches of those trading bands caused a mass repositioning with short positions closed out, long positions put on, new short positions put on only to be closed out again as the price kept motoring upwards.
Brazilian President Michel Temer abolishes the 46,000 km2 National Reserve of Copper and Associates (Renca) ecological reserve, which spans the borders of Amapá and Pará states in northern Brazil. More than 20 domestic and multinational firms have expressed an interest in accessing the area's deposits of gold, copper, tantalum, iron ore, nickel and manganese.