Breaking News

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

23-Aug2018

Copper futures end lower on Wednesday

Copper futures ended lower on Wednesday, as worries about demand resurfaced ahead of trade talks between the United States and China that are seen as unlikely to yield progress. However, a softer US currency was helping to limit losses of dollar-denominated industrial metals, as it makes them cheaper for non-US firms.

Copper futures for September delivery fell 0.8 percent to settle at $2.674 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.7 percent at $6,005 a metric ton.


Related News

View all news

Copper futures trade lower on weak global cues

Copper futures traded lower on MCX, due to narrowing of portfolios amid weak trend in red metal rates overseas. Moreover, subdued spot demand from domestic markets triggered down trend.The contract for......

Copper futures end higher on China's growth data

Copper futures ended higher on Wednesday as firmer-than-expected economic growth figures from China boosted expectations for higher demand in the world's top metals consumer. Reports showing China's economy......

Copper futures end lower despite China reports better-than-expected economic growth

Copper futures ended lower on Tuesday, despite China reported better-than-expected economic growth, fuelling hopes of a recovery in its economy amid concerns of a global growth slowdown. Reports showing......

Top News

View all news

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Quess Corp's arm to acquire majority stake in Allsec Technologies

Quess Corp's subsidiary -- Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Ashoka Buildcon's JV receives LoA from Rail Vikas Nigam

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23......