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Copper futures settle higher on supply concerns

09 Sep 2022 Evaluate
Copper futures settled higher on Thursday on supply concerns stemming from a strike in Chile’s Escondida, the world’s largest copper mine. Copper prices also improved after China announced more steps to spur investment.

Copper futures for December delivery gained $0.0965 to settle at $3.5270 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 2.47 percent at $7,810.50 a ton.