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15-Jan2019

Copper futures end lower as China's exports slump

Copper futures ended lower on Monday due to lacklustre trade data from world's top metal consumer China outweighed record imports of the metal's concentrates last year. Reports showed China's total exports fell by the most in two years in December, while its imports also contracted, pointing to further weakness in the world's second-largest economy in 2019 and deteriorating global demand. Meanwhile, investors are also closely watching developments in trade talks between China and the United States.

Copper futures for March delivery lost $0.0270 to settle at $2.635 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.8 percent at $5,897 a tonne.


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