Copper futures ended lower on Monday due to profit booking, despite optimism around stimulus measures from United States and Covid-19 vaccines rollouts. Further, a rising US dollar also makes dollar-denominated metals more expensive for holders of other currencies.
Copper futures for March delivery lost $0.0080 to settle at $3.5165 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.65% at $7,710 a ton.