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01-Mar2019

Copper futures end lower on weak China manufacturing data

Copper futures ended lower on Thursday after reports from world's top metal consumer showing China's manufacturing and non-manufacturing PMIs for February both disappointed at 49.2 and 54.3 respectively. Further, concerns over US-China trade talks too added pressure on copper prices.

Copper futures for May delivery shed 0.5 percent to settle at $2.948 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended flat at $6,509 a tonne.


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