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Copper futures settle lower on demand worries

16 Aug 2022 Evaluate
Copper futures settled lower on Monday due to demand worries from the world’s top metal consumer China following significantly weaker-than-expected industrial production data. Further, firmer US dollar has further weakened prices.

Copper futures for September delivery lost $0.051 to settle at $3.6175 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.38 percent at $7,980 a ton.