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Copper futures trade higher on Monday

28 Feb 2022 Evaluate

Copper futures traded higher on Monday after Russia launched a massive attack against Ukraine and Western countries imposed fresh sanctions on Russia fuelled concerns of reduced supplies from Russia, a major metals producer. Ukraine is continuing to fight against the Russian invasion as the military operation announced by President Vladimir Putin entered day five.

Copper futures for May delivery gained $0.0210 or 0.47% at $ 4.4850 a pound on the Comex metals division of New York Mercantile Exchange.