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19-Dec2018

Copper futures end lower on growth worries

Copper futures ended lower on Tuesday as fresh worries about the global economy hit commodities across the board. The continuing US-China trade fight has also stoked demand worries. Meanwhile, investors were gloomy after Chinese President Xi Jinping in a speech offered no measures to boost the economy of the world's largest metals consumer, which recent data has shown is slowing.

Copper futures for March delivery fell 3.3 percent to settle at $2.665 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 2.5 percent at $5,970 a tonne.   


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