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Copper futures end higher on Thursday

04 Mar 2022 Evaluate

Copper futures ended higher on Thursday in the wake of Russia's military invasion that began a week ago with rising fears of potential supply disruptions from Russia. Although, investors are trading cautiously on expectations that the US Federal Reserve would aggressively raise interest rates this month to subdue inflation.

Copper futures for May delivery surged $0.1160 to settle at $ 4.7815 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 1.82 percent at $10,351 a ton.