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Copper futures settle lower on robust US dollar

24 Sep 2022 Evaluate
Copper futures settled lower on Thursday, driven by robust US dollar along with worries around more interest rate hikes by the US Federal Reserve. However, some losses were capped by optimism that stimulus measures would boost demand in the world’s top metals consumer China.

Copper futures for December delivery lost $0.1280 to settle at $3.3430 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down 3.22 percent at $7,433 a ton.