Copper futures edged up on supportive equities and a deep slide in the US dollar. COMEX Copper futures hit $4.50 per pound in Asia today, approaching one week high. MCX Copper futures closed at Rs 756.40 per kg, up 0.81% on the day. Mining giant Grupo Mexico said that global copper demand will grow 3% in 2022. It added the projection could be impacted by an expected economic slowdown in China due to real estate industry hurdles, the coronavirus Omicron variant and uncertainty over production growth in Chile and Peru, which together represent about 40% of global supply.
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