Copper futures ended lower on Wednesday, as the dollar strengthened from a two-year low due to the strong impact of the US manufacturing Purchasing Managers’ Index, making dollar-denominated metals more expensive for buyers using other currencies. Copper prices weakened further after reports that copper mining in Peru, the world's second largest copper producer is almost completely recovered from the impacts of the corona virus pandemic.
Copper futures for December delivery fell to $0.0080 to settle at $3.0205 a pound on the Comex metals division of New York Mercantile Exchange. However, copper on the London Metal Exchange was up 0.14% at $6,697 a ton.
