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23-May2018

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday due to an improving outlook for global trade, along with a slightly weaker US dollar also helped boost copper market. Copper was also supported by trouble at a Vedanta Resources-controlled copper smelter in southern India, where at least nine people were killed on Tuesday after police fired at protesters calling for the plant's closure.

Copper futures for July delivery rose 1.1 percent to settle at $3.132 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 1.5 percent at $6,979 a metric ton.



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