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Copper futures settle marginally higher on Wednesday

30 Mar 2023 Evaluate
Copper futures settled marginally higher on Wednesday amid signs of recovering demand from the world’s top metal consumer China. Moreover, easing concerns over the global banking sector, also supported copper prices’ uptrend. However, firm US dollar index capped the gains in copper prices.

Copper futures for May delivery gained $0.0010 to settle at $4.0865 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.27 percent at $9,002.50 a ton.