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Copper futures end higher on vaccine optimism

25 Nov 2020 Evaluate

Copper futures ended higher on Tuesday due to optimism around a potential corona virus vaccine from AstraZeneca. Further, expectation of firm demand for the copper from the top largest consumer china also supported the metal prices.

Copper futures for December delivery gained $0.0415 to settle at $3.2995 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.61% at $7293.00 a ton.

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