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12-Dec2018

Copper futures end higher on Tuesday

Copper futures ended higher on Tuesday as investor appetite for riskier assets returned following a sell-off in the previous session. Boosting equities and metals were discussions between representatives of China and the United States over the road map for the next stage of their trade talks on Tuesday. Though, concerns remained over lacklustre demand from China after copper imports fell 3 percent in November from a year ago but they were up 8.6 percent from October.

Copper futures for March delivery gained 1.7 percent to settle at $2.767 a pound, on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended up 1.3 percent to $6,168 a tonne.   


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