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Copper futures end lower on selling pressure

26 Feb 2021 Evaluate

Copper futures ended lower on Thursday due to selling pressure and as US dollar gained following a steep rise in benchmark US Treasury yields. Though, upbeat US economic data as well as tighter supplies capped some losses in copper prices.

Copper futures for May delivery lost $0.0405 to settle at $4.2635 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up 1.12% at $9,412.50 a ton.