Copper futures ended lower on Thursday as the chances for quick action on bigger US stimulus checks vanished. Moreover, surging corona virus infections driven by a new variant of the virus too weighed on copper prices, but some losses were capped as the dollar posted its biggest yearly loss since 2017.
Copper futures for March delivery lost $0.0300 to settle at $3.5190 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.04% at $7,766 a ton.