COMMODITY
Copper futures settle down on demand concerns
Oct-16-2024

Copper futures settled down on Tuesday due to demand concerns as the world’s top metal consumer China failed to provide clear details on the timing and scale of the stimulus measures, while geopolitical uncertainty has also added pressure on copper prices. However, some falls were limited by the expectations that the Fed will proceed with modest interest rate cuts over the next year and a half.

Copper futures for December delivery lost $0.0685 to settle at $4.3375 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.34 percent at $9,530.50 a ton. 

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