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Copper futures settle lower ahead of US, European central bank interest rate decisions

13 Dec 2022 Evaluate
Copper futures settled down on Monday ahead of US and European central bank interest rate decisions, while persistent worries about the Chinese economy and metal demand in line with surging Covid-19 infections also weighed on copper prices.

Copper futures for March delivery fell $0.0780 to settle at $3.8005 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.98 percent at $8,374 a ton.