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Copper futures trade higher on demand hopes from China

05 Dec 2022 Evaluate
Copper futures traded higher on Monday as more cities in the world’s top metal consumer China relaxed Covid-19 restrictions raised demand hopes for copper. Further, weaker US dollar against major currencies also supported red metal prices.

Copper futures for March delivery gained 0.78% or $0.03 at $3.8805 a pound on the Comex metals division of New York Mercantile Exchange.