Copper futures ended lower on Wednesday as higher American currency makes dollar-priced commodities more expensive for holders of other currencies. Further, concerns over new strains of the corona virus too added pressure on copper prices. Though, optimism about demand due to an ongoing push for further stimulus in United States capped some losses.
Copper futures for March delivery lost $0.0135 to settle at $3.8205 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.18% at $8,390 a ton.