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Copper futures settle mostly flat on Thursday

03 Jan 2025 Evaluate
Copper futures settled mostly flat on Thursday on weak demand outlook following disappointing manufacturing activity around the world. Surveys of purchasing managers showed manufacturing activity slowing in China and South Korea in December, while European factory activity fell at a faster rate than in November. Besides, a stronger American currency makes copper more expensive for buyers holding other currencies. Meanwhile, attention turned to US President-elect Donald Trump's proposed policy changes that could influence the economic and interest rate outlook going forward.

Copper futures for March delivery lost $0.0005 to settle at $4.0260 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.39 percent at $8,802.50 a ton.



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