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07-Mar2019

Copper futures end lower on global growth concerns

Copper futures ended lower on Wednesday on concerns about global growth after the Organization for Economic Co-Operation & Development (OECD) cut forecasts again for the global economy in 2019 and 2020, warning that trade disputes and uncertainty over Brexit would hit world commerce and businesses. Further, signs of lacklustre metal demand in the world's top consumer China also pressurized copper prices.

Copper futures for May delivery fell 0.5 percent to settle at $2.919 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.2 percent at $6,468 a tonne.


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