COMMODITY
Copper futures end lower on coronavirus concerns
Jan-23-2020

Copper futures ended lower on Wednesday due to concerns over economic growth and metals demand in the world’s top metal consumer China following the coronavirus outbreak, which has killed 17 people and infected more than 540. Though, the Chinese authorities have stepped up efforts to control the outbreak by discouraging public gatherings in Hubei province where outbreak started.

Copper futures for March delivery shed 1 percent to settle at $2.765 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.8 percent at $6,108 a ton.

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