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07-Aug2018

Copper futures end lower on global growth concerns

Copper futures ended lower on Monday, due to worries about the damage to global economic growth from the trade dispute between the United States and its trading partners. Copper prices fell further on rising US currency, which makes dollar-denominated commodities more expensive for non-US firms.

Copper futures for September delivery fell 1.2 percent to settle at $2.7315 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 1.2 percent at $6,133 a metric ton.


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