Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures end higher on Monday

22-May2018

Copper futures end higher on Monday

Copper futures ended higher on Monday as investors' fears over a US-China trade war eased. Treasury Secretary Steven Mnuchin said Sunday that the Trump administration would 'put the trade war on hold,' and delay tariffs on Chinese imports to the US, while the two countries hammer out details of a deal to reduce the trade deficit with China. However, upside in metals remained capped as dollar hit a five-month high versus a currency basket, making dollar-priced metals costlier for non-US investors.

Copper futures for July delivery rose 1.1 percent to settle at $3.099 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 0.4 percent at $6,879 a metric ton.



Related News

View all news

Copper futures end lower as China imports drops

Copper futures ended lower on Monday as Chinese import data reinforced worries about growth in demand for industrial metals fuelled by the ongoing US-China trade dispute. Reports showed China's copper......

Copper futures end lower on Thursday

Copper futures ended lower on Thursday after the arrest of a top executive at Chinese telecoms giant Huawei in Canada dampened hopes for a resolution to the US-China trade conflict. However, China expressed......

Copper futures end higher on Wednesday

Copper futures ended higher on Wednesday, even after trade tensions between the United States and China resurfaced, raising concerns over growth and future demand from top metals consumer China. US President......

Top News

View all news

Wipro, Palred Technologies and Zydus Wellness to see some action today

Wipro has launched an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro's relationship with Detroit's automotive community, develop and showcase......

Wipro launches Automotive Innovation Center in Detroit

Wipro has launched an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro's relationship with Detroit's automotive community, develop and showcase......

Zydus Wellness gets CCI's approval for acquisition of Heinz

Zydus Wellness (ZWL) has received approval from the Competition Commission of India (CCI) for the company's acquisition of Heinz India jointly with Cadila Healthcare. The definitive agreement in relation......