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Copper futures settle higher on Wednesday

16 Nov 2023 Evaluate

Copper futures settled higher on Wednesday, boosted by positive industrial production data from the world’s top metal consumer China. Data showed that China's industrial output rose 4.6% in October year-on-year, beating expectations of a 4.4% increase. However, a firm American currency makes copper more expensive for holders of other currencies. 

Copper futures for December delivery gained $0.0350 to settle at $3.7185 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.64 percent at $8,167 a ton.


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