COMMODITY
Copper futures end higher on Thursday
Apr-19-2024

Copper futures ended higher on Thursday on dollar weakness. A softer dollar makes greenback-priced metals cheaper for buyers using other currencies. Copper prices were boosted by several major Chinese smelters signaling they would reduce production. Industrial metal prices surged in recent weeks on expectations of tighter supplies, after the US and its allies imposed stricter sanctions on Russian metal exports.

Copper futures for May delivery gained $0.0870 to settle at $4.4265 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.3 percent at $9,705.50 per metric ton.

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