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Copper futures settle lower on Monday

25 Oct 2022 Evaluate
Copper futures settled lower on Monday amid growing concerns around slowing global economic growth and recession fears, while weaker yuan against the US dollar also makes dollar-denominated copper costlier for Chinese buyers. 

Copper futures for December delivery lost $0.0440 to settle at $3.4305 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.89 percent at $7,556 a ton.