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Copper futures end lower on inflation worries

09 Mar 2022 Evaluate

Copper futures ended lower on Tuesday on worries over inflations and aggressive policy tightening by the US Federal Reserve even amid fresh uncertainty caused by Russia-Ukraine Conflict. Meanwhile, data showed the US trade deficit increased 9.4% to all-time high of $89.7 billion in January.

Copper futures for May delivery lost $0.0210 to settle at $4.7100 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.71 percent at $ 10,209.00 a ton.