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Copper futures end lower on Sino-US tensions

28 May 2020 Evaluate

Copper futures ended lower on Wednesday as tensions between the world’s two largest economies, US and China, continue to escalate over Hong Kong security laws weighed on investor sentiment and offsetting optimism about the reopening of the world economy.

Copper futures for July delivery fell $0.0365 to settle at $2.382 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.91 percent at $5,259.50 a ton.