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Copper futures end higher on Thursday

22 Apr 2022 Evaluate

Copper futures ended higher on Thursday due to concerns over production following a state of emergency in Peru, the world’s second-biggest producer. However, strong US dollar and Covid-19 lockdowns in world’s top metals consumer China capped further gains in prices.

Copper futures for May delivery gained $0.0520 to settle at $4.7040 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.61 percent at $10,285 a ton.