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Copper futures end lower as demand dampens

22 Sep 2020 Evaluate

Copper futures ended lower on Monday as surging corona virus pandemic cases globally dampened demand for industrial metals, while a lack of stimulus from United States also weighing on sentiment. Further, a stronger US dollar making metals priced in the US currency more expensive for buyers using other currencies.

Copper futures for December delivery lost $0.0840 to settle at $3.0320 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.78% at $6,691.50 a ton.