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Copper futures settle lower on Wednesday

15 Jul 2021 Evaluate

Copper futures ended lower on Wednesday as investors cautiously waited for US central bank officials to clarify their stance on surging inflation. Weak demand from world’s top metal consumer China too influenced copper prices.

Copper futures for September delivery lost $0.0395 to settle at $4.2675 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.74 percent at $9,342.50 a ton.