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Copper futures end lower on cautious market sentiments

13 Apr 2021 Evaluate

Copper futures ended lower on Monday with cautious market sentiments as China wants to put a cap on surging commodity prices to cut off potential inflation. Moreover, rising copper inventories also added downward pressure on copper prices.

Copper futures for May delivery lost $0.0215 to settle at $4.0185 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.73% at $8,861 a ton.