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06-Sep2018

Copper futures end higher on Wednesday

Copper futures ended higher on Wednesday as a dollar rally paused, but some gains were capped by persistent concerns over escalating trade tensions between the United States and top metals consumer China. Meanwhile, a public comment period on possible US tariffs on another $200 billion of Chinese goods ends on Thursday, with expectations that US President Donald Trump will impose the additional levies.

Copper futures for December delivery rose 0.3 percent to settle at $2.61 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended up 1 percent at $5,871 a metric ton.


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