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18-Jan2019

Copper futures end higher on China stimulus measures

Copper futures ended higher on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. The People's Bank of China is injecting 250 billion yuan ($37 billion) through seven-day reverse bond repurchase agreements and 150 billion yuan through 28-day reverse repos.

Copper futures for March delivery added 0.2% to settle at $2.68 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.4 percent at $5,992 a tonne.


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