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Copper futures settle down on Tuesday

08 May 2024 Evaluate
Copper futures settled down on Tuesday due to demand uncertainties from the troubled Chinese property market. Moreover, a firm American currency makes copper more expensive for holders of other currencies. However, some losses were limited as Chinese authorities' plans for additional measures to bolster the second largest economy.

Copper futures for July delivery lost $0.0095 to settle at $4.6055 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.21 percent at $ 10,029.50 a ton.