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24-Aug2018

Copper futures end lower on escalating trade war

Copper futures ended lower on Thursday as the United States and China escalated their trade dispute by implementing punitive 25 percent tariffs on $16 billion worth of each other's goods, even as mid-level officials from both sides resumed talks in Washington. Copper prices fell further as the dollar rising on expectations of higher US interest rates soon.

Copper futures for September delivery fell 0.7 percent to settle at $2.655 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.3 percent at $5,986.50 a metric ton.


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