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12-Sep2018

Copper futures end lower on continued trade concerns

Copper futures ended lower on Tuesday as investors continued to monitor the latest developments in the months long trade fight between the US and China, with traders anxious that tariffs will slow the Chinese economy and lower consumption of materials used heavily in construction and manufacturing. Further, trade fears have also boosted the dollar, which making dollar-denominated commodities more expensive for buyers.

Copper futures for December delivery eased by nearly 0.3 percent to settle at $2.622 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.9 percent at $5,859 a metric ton.



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