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28-Dec2018

Copper futures end lower on global growth worries

Copper futures ended lower on Thursday on account of renewed worries about global growth, including in top metals consumer China after a fall in Chinese industrial profits offered a reminder of the pressures on the world economy. Earnings at China's industrial firms in November dropped for the first time in nearly three years, data showed on Thursday, in a sign of rising risks to the world's second-largest economy.

Copper futures for March delivery fell $0.0320 to settle at $2.6680 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.5 percent at $5,986.50 a tonne.   


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