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Copper futures end lower on demand concerns

15 Mar 2022 Evaluate

Copper futures ended lower on Monday on eased worries about supply disruption after potential peace talks of Russia and Ukraine while, renewed Covid-19 outbreak in China, the world’s biggest buyer of metals raised the demand concerns. Reported that the China is under worst Covid-19 outbreak in 2 years and various parts of the country are now under partial or full lockdown.

Copper futures for May delivery fell $0.1025 to settle at $4.5230 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.44 percent at $ 9,935.00 a ton.