Copper futures ended lower on Wednesday after China’s state planner vowing to step up monitoring of commodity prices and strengthen supervision as domestic producer inflation hit its highest in more than 12 years. Meanwhile investors are waiting for fresh triggers from US inflation data. Moreover, stronger American currency also weighed on copper prices.
Copper futures for July delivery lost $0.0250 to settle at $4.5310 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up 0.15 percent at $9,978.50 a ton.