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Copper futures settle higher on firm demand

02 Mar 2023 Evaluate
Copper futures settled higher on Wednesday due to firm demand following better than expected manufacturing activity data from China. Weak US dollar also added support to copper prices’ uptrend.

Copper futures for May delivery gained $0.0705 to settle at $4.16 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.56 percent at $9,100.50 a ton.