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Copper futures decline on Monday

09 May 2022 Evaluate

Copper futures declined on Monday as tightening lockdowns in world’s top metals consumer China fuelled worries about global economic growth and demand, while a stronger US dollar and fear about higher interest rates also weighing on copper prices.

Copper futures for July delivery lost $0.0420 at $4.2250 a pound on the Comex metals division of New York Mercantile Exchange.