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Copper futures trade lower on demand concerns

07 Nov 2022 Evaluate
Copper futures traded lower on Monday on demand concerns after the world’s top metal consumer China reaffirmed its strict coronavirus restrictions to curb spreading outbreaks. While a stronger US dollar also make dollar-priced metals more expensive to holders of other currencies.

Copper futures for December delivery lost 1.25% or $0.0460 at $3.6405 a pound on the Comex metals division of New York Mercantile Exchange.