COMMODITY
Copper futures settle lower on recession fears
Jul-01-2022

Copper futures settled lower on Thursday as recession fears rise in the global markets after data showed the current inflation in the United States is still at a high level, and with pessimistic outlook for the soft landing of the US economy.

Copper futures for September delivery lost $0.0705 to settle at $3.71 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.7 percent at $8,258 a ton.

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