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26-Feb2019

Copper futures end lower on Monday

Copper futures ended marginally lower on Monday after President Trump said he would delay an increase in tariffs on Chinese goods set to take effect at the end of this week. Though, declining inventories and growing optimism about United States-China trade talks are fueling a rally in industrial metals such as copper--an encouraging sign for investors fretting over the global economy.

Copper futures for March delivery fell 0.2 percent to settle at $2.945 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.03 percent at $6,480 a tonne.


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