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Copper futures trade lower on weak Chinese factory data

01 Aug 2022 Evaluate
Copper futures traded lower on Monday due to concerns over slowing demand following weak Chinese factory data. Moreover, worries about a potential US economic recession also adding pressure on red metal prices.

Copper futures for September delivery lost $0.009 or 0.25% at $3.5645 a pound on the Comex metals division of New York Mercantile Exchange.