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Copper futures trade higher Tuesday

21 Jun 2022 Evaluate

Copper futures traded higher on Tuesday ahead of possible nationwide strike in the world’s biggest copper producer Chile. Although, worries over a potential global recession and weaker demand for industrial metals from China capped gains.

Copper futures for July delivery gained $0.0040 or 0.1% at $4.0175 a pound on the Comex metals division of New York Mercantile Exchange.