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Copper futures end marginally lower on Thursday

05 Feb 2021 Evaluate

Copper futures ended marginally lower on Thursday as stronger US dollar weighed the sentiments. However, expectations of a quick recovery from the pandemic with better than expected US first-time filings for unemployment benefits in the week ended January 30 capped the downside.

Copper futures for March delivery declined $0.0125 to settle at $3.5530 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.25% at $7,823.00 a ton.