COMMODITY
Copper futures end lower on recession, demand worries
Jul-02-2022

Copper futures ended lower on Friday as rampant US inflation reinforced fears that the Fed tightening would push economies into a recession and hit industrial metals demand.

Copper futures for September delivery lost $0.1060 to settle at $3.604 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.54 percent at $8,048 a ton.

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