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02-May2018

Copper futures end lower on Tuesday

Copper futures ended lower on Tuesday, while London copper prices too fell due to worries about demand from top consumer China and a stronger dollar ahead of a monetary policy decision from the US Federal Reserve. A rising US currency makes dollar-denominated commodities such as copper more expensive for non-US companies, which could potentially subdue demand.

Copper futures for July delivery fell 1.2 percent to settle at $3.038 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.9 percent at $6,745 a metric ton.


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