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31-Jan2019

Copper futures end higher on Wednesday

Copper futures ended higher on Wednesday after 12,500 tonnes of cancellations cut on-warrant stocks in LME-warehouses to 104,950 tonnes, reversing recent gains and pushing levels towards October's 13-year low of 56,650 tonnes.

Copper futures for March delivery rose 1.6 percent to settle at $2.768 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 1.42 percent at $6,136 a tonne.


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