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Copper futures settle down on firm US dollar

16 Mar 2023 Evaluate
Copper futures settled down on Wednesday, tracking firm US dollar overseas and after the recent collapse of banks in United States. Moreover, concerns about the world’s top metal consumer China's modest economic forecasts also adding more pressure on copper demand and prices.

Copper futures for May delivery fell $0.16 to settle at $3.8430 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 3.72 percent at $8,504.50 a ton.