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Copper futures end higher on strong demand

22 Oct 2020 Evaluate

Copper futures ended higher on Wednesday due to strong demand from world’s top metal consumer China. Further, weakness in dollar on renewed expectations for a new US stimulus package ahead of the US presidential election too supported copper prices’ uptrend.

Copper futures for December delivery gained $0.0505 at $3.1985 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.34% at $6,991.50 a ton.