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Copper futures trade marginally lower despite US stimulus optimism

07 Dec 2020 Evaluate

Copper futures traded marginally lower on Monday, despite growing optimism over US pandemic relief stimulus package before year-end. Expectations of tightening global supplies too supported copper prices and capped its losses.

Copper futures for March delivery lost $0.0180 at $3.5065 a pound on the Comex metals division of New York Mercantile Exchange.