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03-Jan2019

Copper futures end lower on demand concerns

Copper futures ended lower on Wednesday as concerns about economic and demand growth in top Metal consumer China were reinforced by manufacturing data. Reports showed the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December fell to 49.7 from 50.2 in November, marking the first contraction since May 2017.

Copper futures for March delivery fell 0.3 percent to settle at $2.623 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 2.1 percent at $5,842 a tonne.   


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