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Copper futures settle higher on Friday

01 Apr 2023 Evaluate
Copper futures settled higher on Friday amid easing turmoil within the global banking sector. Further, data showed that Chinese manufacturing activity growth beat expectations in March, also supported copper prices’ uptrend. Moreover, improved demand expectations against dwindling exchange inventories also helped copper to trade higher.

Copper futures for May delivery gained $0.0030 to settle at $4.0945 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.09 percent at $8,993 a ton.