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Copper futures settle lower on weak Chinese demand

20 Jan 2023 Evaluate
Copper futures settled lower on Thursday on back of worries about weak demand from China ahead of lunar new year holiday. Global recession worries also weighed on copper prices.

Copper futures for March delivery lost $0.0030 to settle at $4.2315 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.19 percent at $9,305.50 a ton.