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Copper futures settle down on Thursday

13 Dec 2024 Evaluate
Copper futures settled down on Thursday as US dollar strengthened against its major peers after stronger than US producer prices stoked concerns about a hawkish Fed interest rate cut next week. Copper prices weakened further by concerns over a potential surplus in the global copper market and lack of clarity on the size of the economic stimulus promised by China’s key policy meeting.

Copper futures for March delivery lost $0.019 to settle at $4.2445 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.09 percent at $9,091.50 a ton.


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