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Copper futures end higher on easing fears of Russia-Ukraine tensions

17 Feb 2022 Evaluate

Copper futures ended higher on Wednesday due to easing fears about Russian invasion of Ukraine this week. Ukraine crisis eased after Moscow indicated it was returning some troops to base from exercises. Although, investors are waiting for the minutes from the Federal Reserve’s January policy meeting later in the day.

Copper futures for March delivery gained $0.0050 to settle at $ 4.5365 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.24 percent at $ 4.5365 a ton.