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Copper futures settle higher on Wednesday

13 Jul 2023 Evaluate
Copper futures settled higher on Wednesday, supported by speculation that the world’s top metal consumer will roll out more stimulus measures to support a slowing Chinese economic recovery. Moreover, weaker US dollar following easing US inflation data also supported sentiments.

Copper futures for September delivery gained $0.0870 to settle at $3.8530 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2.13 percent at $8,499.50 a ton.