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Copper futures end lower as US dollar strengthens

16 Sep 2022 Evaluate
Copper futures ended lower on Thursday as the US dollar strengthened against its major rivals ahead of a potentially large interest rate hike by the United States that could push the global economy into recession. However, supply tightness due to a strike in the world’s largest copper mine, Escondida in Chile, capped further fall in copper prices.

Copper futures for December delivery lost $0.0295 to settle at $3.49 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.94 percent at $7,729.50 a ton.