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Copper futures settle down on global woes

22 Apr 2023 Evaluate
Copper futures settled lower on Friday on expectations of more interest rate hikes and possible recession in the United States. Moreover, concerns over demand in the world's top metals consumer, China weighed on copper prices. 

Copper futures for May delivery lost $0.0455 to settle at $3.98 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.97 percent at $8,794.50 a ton.