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Copper futures trade lower on Monday

22 May 2023 Evaluate
Copper futures traded lower on Monday due to uncertainty around a deal over the United States debt ceiling to avoid a default. Moreover, subdued demand from China along with rising inventories in exchange warehouses also dampened copper prices.

Copper futures for May delivery lost 0.86% or $0.0320 at $3.70 a pound on the comex metals division of New York Mercantile Exchange.

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