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15-May2018

Copper futures end lower on Monday

Copper futures ended lower on Monday, as investors considered an increase in London Metal Exchange inventories and trade discussions between the US and China. Further, dollar strengthened and it makes copper and other dollar-denominated commodities more expensive for overseas buyers.

Copper futures for July delivery fell 0.6 percent to settle at $3.093 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed down 0.8 percent at $6,885 a metric ton.


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