Copper futures traded lower on Monday, despite growing optimism of corona virus Covid-19 vaccines. US Pharmaceutical giant Pfizer Inc and its German partner BioNTech had submitted an application to US health regulators on Friday for emergency use authorization of its Covid-19 vaccine, the first such application in a major step toward providing protection against the new corona virus.
Copper futures for December delivery lost $0.0105 at $3.2805 a pound on the Comex metals division of New York Mercantile Exchange.