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Copper futures finish higher on strong Chinese demand outlook

30 Apr 2024 Evaluate

Copper futures finished higher on Monday due to strong Chinese demand outlook after Beijing removed restrictions on house buying in major cities, to support the property market. Copper prices improved further on looming supply disruptions in key mining regions like Zambia & Panama and sanctions on Russian metals.

Copper futures for July delivery up $0.1025 to settle at $ 4.6765 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was rose by 1.71 percent at $10135.50 a ton.