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11-Jan2019

Copper futures end lower on Thursday

Copper futures ended lower on Thursday as optimism over US-China trade talks faded and poor China data weighed. Figures out of China showed the country's consumer prices and factory-gate inflation both rose less than expected in December, with the latter rising at the slowest pace in over two years. Factory-gate inflation turned negative for the second straight month. However, the dollar languished near a three-month low, making dollar-priced metals cheaper for non-US investors, capped some losses.

Copper futures for March delivery lost 0.7 percent to settle at $2.638 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.5 percent at $5,928 a tonne.


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