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Copper futures trades down on Monday

16 Dec 2024 Evaluate
Copper futures were trading down on Monday on demand concerns after mixed economic reading from top consumer China. Data showed that China’s retail sales rose just 3.0% in November against market forecasts of 4.6%. Chinese industrial production was much as expected, while house prices were still falling at a slower pace. Although, weak dollar limited further falls in copper prices.

Copper futures for March delivery fell $0.0220 or 0.52% at $4.1750 a pound on the Comex metals division of New York Mercantile Exchange.

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