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Copper futures settle lower on demand worries from China

10 Jun 2022 Evaluate

Copper futures settled lower on Thursday due to fresh worries about demand from the world's top metals consumer after parts of China's largest economic hub started imposing new Covid lockdown restrictions, while a stronger US dollar also weighed on prices.

Copper futures for July delivery lost $0.0735 to settle at $4.3810 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.18 percent at $9,615 a ton.