Copper futures ended higher on Wednesday despite traders continued to worry about the continuing effects of the trade war between the US and China, which could negatively affect metals demand. Trump said his tough stance on China’s behavior in global markets would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of critical chemicals known as rare earth that are used in everything from iPhones to military equipment.
Copper futures for September delivery rose 0.5 percent to settle at $2.571 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.4 percent at $5,703 a ton.
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