COMMODITY
Copper futures finished lower on Tuesday
Sep-16-2020

Copper futures ended lower on Tuesday after reports that US industrial production for August slightly missed the expectations, suggesting a slow recovery in industry production. Meanwhile, investors are awaiting a monetary policy announcement from the US Federal Reserve. Though, strong manufacturing data from the biggest consumer China boosted confidence in the demand outlook and capped some losses.

Copper futures for December delivery fell $0.0050 to settle at $3.0630 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.51% at $6,761.50 a ton.

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