MoneyWorks4Me

Copper futures settle down on demand concerns

26 Apr 2023 Evaluate
Copper futures settled down on Tuesday due to concerns over demand following an uneven economic recovery in the world’s top metal consumer China.  Moreover, rising exchange warehouse inventories also weighed on copper prices. Meanwhile, investors also remained cautious ahead of next week's US Federal Reserve meeting on interest rates.

Copper futures for May delivery lost $0.1060 to settle at $3.8480 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.32 percent at $8,528 a ton.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: