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Copper futures settle lower on Tuesday

25 Jan 2023 Evaluate
Copper futures settled lower on Tuesday amid thinner trading volumes as Chinese markets were closed for the Lunar New Year holiday. Moreover, uncertainty over a potential global recession dampened copper prices.

Copper futures for March delivery lost $0.008 to settle at $4.2485 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.44 percent at $9,314.50 a ton.