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Copper futures settle higher on Monday

05 Apr 2022 Evaluate

Copper futures ended higher on Monday even as the US dollar strengthened on the prospect of increased sanctions on Russia. Meanwhile, copper prices are supported by worries about supplies from Chile, the world’s top copper producer.

Copper futures for May delivery gained $0.0930 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 1.12 percent at $10,469 a ton.