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Copper futures settle higher on strong demand

08 Oct 2020 Evaluate

Copper futures settled higher on Wednesday due to strong demand from world’s top metal Consumer China and with optimism that at least a partial deal on more US fiscal stimulus may happen.

Copper futures for December delivery gained $0.0695 to settle at $3.0330 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 2.28% at $6,679 a ton.