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Copper futures trade higher on supply concerns

22 Apr 2024 Evaluate
Copper futures trading higher on Monday due to supply concerns amid sanctions on Russian metals and improved demand in the world's top metal consumer China. Moreover, weak US dollar also helped copper prices to move higher. Although, investors are cautious on escalating conflict in the Middle East.

Copper futures for May delivery gained 0.32% or $0.0145 at $4.5120 a pound on the Comex metals division of New York Mercantile Exchange.