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Copper futures end lower on corona virus concerns

09 Dec 2020 Evaluate

Copper futures ended lower on Tuesday on concerns over surging corona virus cases in the United States. Meanwhile, investors are also remained cautious over Brexit talks between the UK and the European Union. Though, weakness in US currency with hopes for additional US fiscal stimulus measures capped some losses. 

Copper futures for March delivery lost $0.0175 to settle at $3.4990 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.14% at $7,699 a ton.