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Copper futures settle higher on more stimulus measures from China

15 Sep 2023 Evaluate
Copper futures settled higher on Thursday as improved market optimism due to more stimulus measures from the world’s top metal consumer China. Moreover, stronger-than-expected US economic data also supported copper prices’ uptrend. However, a strong US dollar and high inventories have limited further gains in copper prices. 

Copper futures for December delivery gained $0.0285 to settle at $3.8215 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.01 percent at $8,417.50 a ton.