Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures end lower on Friday


Copper futures end lower on Friday

Copper prices ended lower on Friday as data in China, the world's largest metals consumer, pointing to a cooling economy and a worsening trade dispute between Washington and Beijing raised concerns that Chinese demand for metals would fall more than expected. Economic data released on Friday also boosted the dollar, with industrial output and consumer sentiment figures both coming in above expectations.

Copper futures for December delivery lost 1.4 percent to settle at $2.646 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 1 percent at $5,973 a metric ton.

Related News

View all news

Copper futures end lower on firmer US dollar

Copper futures ended lower on Thursday on a firmer US dollar, which makes dollar-denominated commodities more expensive for non-US firms. The dollar found strength in minutes from a US Federal Reserve......

Copper futures end higher on trade talk optimism

Copper futures ended higher on Wednesday, boosted by optimism on trade talks between the US and China and a rally in oil. US President Donald Trump said on Tuesday talks with China in Washington were going......

Copper futures end higher on weaker dollar

Copper futures ended higher on Tuesday due to a weaker US dollar and hopes that the United States and China would forge a trade deal. A new round of talks between the United States and top metals consumer......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......