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Copper futures settle down on sluggish industrial demand

12 Jul 2023 Evaluate

Copper futures settled down on Tuesday due to sluggish demand from industrial users, although some falls were capped by weaker US dollar along with expectations that the Federal Reserve was close to ending its rate hike cycle. 

Copper futures for September delivery lost $0.0185 to settle at $3.7660 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.60 percent at $8,322.50 a ton.