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Copper futures settle lower on demand concerns

26 Mar 2021 Evaluate

Copper futures settled lower on Thursday, prices dipped to their lowest in nearly three-week on demand concerns from world’s biggest metals consumer China, and Stronger US dollar also weighed down the red metal prices.

Copper futures for May delivery lost $0.0860 to settle at $3.9780 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.21% at $8,779.50 a ton.