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Copper futures end higher as dollar weakens

18 Mar 2021 Evaluate

Copper futures ended higher on Wednesday as the dollar weakened after the US Federal Reserve said it does not expect to raise interest rates through all of 2023. However, rising inventories in London Metal Exchange warehouses capped further gains.

Copper futures for May delivery gained $0.0475 to settle at $4.1190 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.17% at $9,065.50 a ton.