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Copper futures trade higher on Monday

30 May 2022 Evaluate

Copper futures traded higher on Monday as investors hoped that easing of Covid-19 restrictions in the world’s top consumer China would revive demand for the metals. Moreover, weakness in US dollar making dollar-denominated metals cheaper for buyers using other currencies.

Copper futures for July delivery gained $0.0295 or 0.69% at $4.3360 a pound on the Comex metals division of New York Mercantile Exchange.