COMMODITY
Copper futures settle down on demand concerns
Jul-24-2024
Copper futures settled down on Tuesday due to growing concerns over softer demand in China after lack of stimulus from last week's political meeting, while rising global inventories also weighed on copper prices. Copper prices weakened further on firm American currency at overseas markets ahead of US inflation data later in the week.

Copper futures for September delivery lost $0.0370 to settle at $4.1605 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.55 percent at $9,166 a ton. 

  RELATED NEWS >>