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07-Dec2018

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 confidence in striking a trade deal with the United States within their 90-day ceasefire period.

Copper futures for March delivery fell 1.1 percent to settle at $2.743 a pound, on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 1.7 percent at $6,070 a tonne.   


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