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Copper futures trade tad lower on inflation worries

14 Feb 2022 Evaluate

Copper futures traded marginally lower on Monday on worries about surging inflation that hit a new height in nearly 40 years. Further, rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline from the US Federal Reserve also adding pressure on copper prices.

Copper futures for March delivery lost $0.0055 or 0.12% at $4.5005 a pound on the Comex metals division of New York Mercantile Exchange.