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25-Jan2019

Copper futures end lower on China slowdown concerns

Copper futures ended lower on Thursday, driven by worries over the effect of a Chinese economic slowdown and uncertainty over US-China trade talks weighed on the market. Further, the US dollar strengthened against a basket of major currencies, makes metals more expensive for buyers with other currencies, also pressuring prices.

Copper futures for March delivery lost 0.4 percent to settle at $2.645 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.5 percent at $5,922 a tonne.


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