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Copper futures end lower on global growth worries
Dec-18-2018

Copper futures ended lower on Monday on worries that weaker global growth will curb demand, but many investors were on the sidelines ahead of key economic meetings in China and the United States. China's retail sales grew at their weakest pace since 2003 and its industrial output rose the least in nearly three years, according to official data released last week. Chinese President Xi Jinping is due to deliver a speech to mark the 40th anniversary of Chinese market reforms, with the nation's Central Economic Work Conference also set for this week. Meanwhile, the Federal Reserve is widely expected to raise interest rates on Wednesday, which would be its fourth hike this year.

Copper futures for March delivery fell 0.3 percent to settle at $2.755 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.1 percent at $6,123 a tonne.   

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