Copper futures ended lower on Thursday as world’s top metal consumer China move to curb unreasonable increases in commodity prices, while signs of US inflationary pressures also weighed down industrial metals. Though, weakness in American currency and worries about the possibility of a strike at copper mine in Chile, Escondida capped further fall in copper prices.
Copper futures for July delivery fell $0.0085 to settle at $4.5680 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up 0.46 percent at $10,048 a ton.