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Copper futures end higher on stimulus hopes from China

08 Jul 2022 Evaluate
Copper futures ended higher on Thursday after news that the world’s top metal consumer China was considering $220 billion of stimulus measures. Although, the US dollar is holding near 20-year highs which makes dollar-priced copper costlier for non-US buyers.

Copper futures for September delivery gained $0.1640 to settle at $3.5720 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 4.02 percent at $7,822.50 a ton.