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Copper futures end lower despite vaccine optimism

24 Nov 2020 Evaluate

Copper futures ended lower on Monday, despite news that British drug maker AstraZeneca becomes the third major vaccine developer to announce promising results. Though, strong US factory data supported positive copper market outlook.

Copper futures for December delivery lost $0.0330 to settle at $3.2580 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.37% at $7,177.50 a ton.