Copper Futures End Marginally Higher On Upbeat Chinese Data - Nifty Future Tips

Copper futures ended marginally higher on Tuesday after upbeat data on June Chinese industrial output assuaged fear of a slowdown from one of the biggest buyers of the commodity. Chinese Industrial production rose 7.6 percent in June year-on-year, above the 6.5 percent expected and the fastest in three months. Meanwhile, China's economy expanded at a faster-than-expected 6.9 percent clip in the second quarter, setting the country on course to comfortably meet its 2017 growth target.

Copper futures for September delivery added less than a penny to settle at $2.731 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended up 0.2 percent at $6,007 a metric ton.

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