Copper futures finished lower on Wednesday, on higher inventories in the warehouses showed signs of slower-than-expected demand from the world’s top metal consumer China. Moreover, spread of COVID-19 cases across the globe too added pressure on the copper prices.
Copper futures for May delivery lost $0.0620 to settle at $4.0545 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.45% at $8,915.50 a ton.