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Copper futures settle down on Friday

20 Jul 2024 Evaluate
Copper futures settled down on Friday as a global technology outage disrupted businesses around the world. Copper prices weakened further as China's Communist Party policy meeting this week failed to provide any detail on further stimulus measures to shore up its economy. Moreover, firm American currency at overseas markets also dampened copper prices.

Copper futures for September delivery lost $0.0430 to settle at $4.2365 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.81 percent at $9,310 a ton.