COMMODITY
Copper futures trade higher on Monday
Jan-18-2021

Copper futures traded higher on Monday after the world’s top metal consumer China posted stronger than expected economic growth in the fourth quarter of 2020. However, gains in the dollar and surging new infections throughout the world have pressured copper prices.

Copper futures for March delivery gained $0.0085 at $3.6105 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.2% at $7,963.50 a ton.

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