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Copper futures end higher on Wednesday

22 Jul 2021 Evaluate

Copper futures ended higher on Wednesday after tonnage was less than expected when the world’s top metal consumer China announced a second sale of state reserves. Though, some gains were capped by strengthening US dollar as worries about covid-19 cases across the world mounted.

Copper futures for September delivery gained $0.0090 to settle at $4.2720 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.12 percent at $9,347 a ton.