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Copper futures settle lower on weak demand in China

23 Feb 2023 Evaluate
Copper futures settled lower on Wednesday amid weak metals demand in the world’s top consumer China. Moreover, a firmer American currency on prospects of higher interest rates for longer, makes copper more expensive for holders of other currencies.

Copper futures for March delivery lost $0.0350 to settle at $4.1905 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.96 percent at $9,112 a ton.