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06-Dec2018

Copper futures end higher on Wednesday

Copper futures ended higher on Wednesday, even after trade tensions between the United States and China resurfaced, raising concerns over growth and future demand from top metals consumer China. US President Donald Trump had on Tuesday made fresh warnings that he would revert to more tariffs if the two sides cannot resolve their differences, while China on Wednesday expressed confidence that it can reach a trade deal.

Copper futures for March delivery added 0.5 percent to settle at $2.774 a pound, on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.6 percent at $6,174 a tonne.   


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