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Copper futures end lower as dollar strengthens

07 Jul 2021 Evaluate

Copper futures ended lower on Tuesday as US dollar strengthened sharply last night ahead of the release of the minutes from the US Federal Reserve's pivotal June meeting. However, lower-than-expected stocks release in the world’s top consumer China and strong US jobs data capped further fall in red metal prices.

Copper futures for September delivery lost $0.0250 to settle at $4.2510 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.09 percent at $9,312 a ton.