Copper futures ended lower on Tuesday as concerns grew over U.S.-China tensions due to the imposition of sanctions by western countries over the Chinese officials for human rights abuses in Xinjiang region. Further, extension of lockdown restriction in European countries amid surging coronavirus infections, also added downward pressure on copper prices.
Copper futures for May delivery lost $0.0600 to settle at $4.0795 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.41% at $8,980.00 a ton.