COMMODITY
Copper futures end lower on concerns over virus in China
Jan-22-2020

Copper futures ended lower on Tuesday amid heightened concerns over a new strain of coronavirus in China that could hit Chinese economic growth. Further, the world's biggest consumer of industrial metals is also preparing for its week-long Lunar New Year holiday from January 24, with many traders closing their positions before taking time off and millions of people traveling, stoking fears of a wider spread of the virus, too weighed on copper prices.

Copper futures for March delivery fell 1.8 percent to settle at $2.7935 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 1.6 percent at $6,160 a ton.

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