COMMODITY
Copper futures settle higher as US dollar weakens
Apr-17-2025
Copper futures settled higher on Wednesday as the US dollar weakened against its major peers overseas and reports that China would negotiate with the US on tariffs under certain conditions. Copper prices improved further on robust Chinese economic growth data. Data showed that China's economy grew by 5.4% in the first quarter year-on-year, surpassing estimates, underpinned by solid consumption and industrial output. 

Copper futures for May delivery gained $0.0595 to settle at $4.6855 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.43 percent at $9,203.50 a ton.
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