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Copper futures settle down on Thursday

08 Sep 2023 Evaluate
Copper futures settled down on Thursday followed by a weakening Chinese currency Yuan, makes copper more expensive in the world's top metals consumer China. Moreover, concerns over base-metal demand with expectations of more interest rate hikes by the US Federal Reserve also dampened copper prices. 

Copper futures for December delivery lost $0.0240 to settle at $3.7620 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 $8,321 a ton.