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Copper futures settle down on Monday

27 Jun 2023 Evaluate
Copper futures settled down on Monday due to concerns over a political turmoil in Russia and the US Federal Reserve's hawkish outlook. Copper prices weakened further with growing realisation that the Chinese government will refrain from any big-bang stimulus to revive its economic growth.

Copper futures for July delivery lost $0.0195 to settle at $3.7840 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was gained by 0.01 percent at $8,391 a ton.