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Copper futures end higher on encouraging progress in Russia-Ukraine peace talks

30 Mar 2022 Evaluate

Copper futures ended higher on Tuesday as encouraging progress in peace talks between Russia and Ukraine in Turkey lifted investor sentiment. Russia indicated that it would drastically cut its military activity focused on Kyiv and Chernihiv in Ukraine. However, concerns over the spread of Covid-19 infections in the world's top metal consumer China limited further advances in copper prices.

Copper futures for May delivery gained $0.0055 to settle at $4.7310 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.24 percent at $10,316.50 a ton.