COMMODITY
Copper futures trade lower on Monday
Sep-16-2024

Copper futures traded lower on Monday amid weak Chinese data, the largest consumer of copper. A string of data released from China over the weekend showed industrial production and retail sales grew less than expected in August, while unemployment rose and house prices fell. The readings ramped up concerns over an economic slowdown in the country, which could bode poorly for its appetite for copper.

Copper futures for December delivery lost by $0.0130 or 0.31% at $4.2230 a pound on the Comex metals division of New York Mercantile Exchange.


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