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Copper futures settle lower on demand concerns

04 Feb 2023 Evaluate
Copper futures settled lower on Friday due to concerns over demand from the world’s top metal consumer China. Meanwhile, a higher dollar makes copper less attractive for buyers holding other currencies.

Copper futures for March delivery lost $0.0345 to settle at $4.0565 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.8 percent at $8,980.50 a ton.