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Copper futures end lower on Thursday

09 Jul 2021 Evaluate

Copper futures ended lower on Thursday after the minutes of the US Federal Reserve confirmed plans to tighten monetary policy earlier than expected. Meanwhile, investors await the release of inflation data from the world’s top metal consumer China.

Copper futures for September delivery lost $0.0580 to settle at $4.2645 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.4 percent at $9,323 a ton.