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Copper futures end higher on Tuesday

23 Feb 2022 Evaluate

Copper futures ended higher on Tuesday amid tensions escalated in eastern Europe. Meanwhile, the International Copper Study Group said the global world refined copper market showed a 79,000 tonnes deficit in November, compared with a 34,000 tonnes deficit in October.

Copper futures for March delivery gained $0.0025 or 0.06% at $4.5130 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down 0.1 percent at $ 9,885 a ton.