COMMODITY
Copper futures settle down on fall in Chinese demand
Jul-25-2024
Copper futures settled down on Wednesday due to fall in demand for the industrial metal following weakness in China’s economy. Moreover, rising global inventories also weighed on copper prices. However, some losses were limited by weak American currency at overseas markets with rising bets on a Fed rate cut in September.

Copper futures for September delivery lost $0.0515 to settle at $4.1090 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.68 percent at $9,104 a ton. 

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