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Copper futures settle lower on recession concerns

30 Dec 2022 Evaluate
Copper futures settled lower on Thursday as concerns over a potential recession raised demand fears for industrial metals. Moreover, surging Covid infections in world’s top metal consumer China weighed on red metal prices.

Copper futures for March delivery fell $0.0185 to settle at $3.8240 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.30 percent at $8,418 a ton.

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