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Copper futures end lower on Thursday

23 Dec 2022 Evaluate
Copper futures ended lower on Thursday on account of concerns over recession and accelerating coronavirus infections in the world’s top metal consumer China. However, some losses were capped by a refreshed pledge by People's Bank of China to support the economy.

Copper futures for March delivery fell $0.0530 to settle at $3.7570 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.99 percent at $8,310.50 a ton.