COMEX Copper futures extended losses after hitting an all time high above $5 per pound as possibility of some calm on the Russia-Ukraine front increased and traders booked profits after the wild run in last few days. Ukraine President Volodymyr Zelensky said he is no longer pressing for NATO membership for Ukraine, a delicate issue that was one of Russias stated reasons for launching the invasion. While the war still continues, this statement has triggered the likelihood of diplomatic solutions to the crisis. MCX Copper also tracked this movement and ended at Rs 803 per kg, down 4.40%.
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