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02-Mar2019

Copper futures end lower on weak China factory activity data

Copper futures ended lower on Friday after factory activity in China contracted. In the world's top metal consumer China, both private and official factory gauges showed activity levels remained mired near three-year lows, with a government reading on Thursday pointing to the weakest export orders since the global financial crisis.

Copper futures for May delivery fell 0.5 percent to settle at $2.932 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.5 percent at $6,478 a tonne.


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