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Copper futures trade lower on weakening demand

17 Jan 2023 Evaluate

Copper futures traded lower on Tuesday in line with weakening demand, despite growing optimism about China's reopening and possible easing of monetary tightening by the US Federal Reserve.

Copper futures for March delivery lost 2.05% or $0.0865 at $4.1295 a pound on the Comex metals division of New York Mercantile Exchange.