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Copper futures end lower on recession, demand worries

02 Jul 2022 Evaluate

Copper futures ended lower on Friday as rampant US inflation reinforced fears that the Fed tightening would push economies into a recession and hit industrial metals demand.

Copper futures for September delivery lost $0.1060 to settle at $3.604 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.54 percent at $8,048 a ton.