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Copper futures trade higher in early deals on Monday

03 Jun 2024 Evaluate
Copper futures traded higher in early deals on Monday, buoyed by the weakness in dollar and bond yield notes. As per reports from a private survey Chinese manufacturing activity expanded at the fastest pace in nearly two years in May, contradicting official data released last week pointing to a surprise contraction, also kindled red metal rates. Meanwhile, copper for most active contract registered the rates 20% higher year-to-date.

Copper futures for July delivery up by $.0055 or 0.12% to at $ 4.6075 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 95.00 or 0.94% at $ 10,040.00 a ton.

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