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Copper futures settle lower as US dollar strengthens

03 Feb 2023 Evaluate
Copper futures settled lower on Thursday as the US dollar strengthened against its major peers ahead of a key US non-farm employment data. Moreover, concerns about demand from the world’s top metal consumer China also dampened red metal prices.

Copper futures for March delivery lost $0.02 to settle at $4.091 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.38 percent at $9,052.50 a ton.