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Copper futures settle down on Thursday

23 Jun 2023 Evaluate

Copper futures settled down on Thursday due to uncertainty over China’s stimulus measures to support to its waning post-pandemic recovery. However, weakness in the US dollar and shortage of inventories at LME warehouses limited further fall in copper prices.

Copper futures for July delivery lost $0.0235 to settle at $ 3.8900 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.33 percent at $ 8,574.00 a ton.