Copper futures ended lower on Thursday as the market concerns over inflation increased after US announced the core CPI for May increasing 3.8 percent on the year and reaching a record high since 1992. While investors are cautiously looking ahead to the US Federal Open market Committee (FOMC) policy meeting scheduled for next week for more clues about the central bank's stance on tapering its massive stimulus.
Copper futures for July delivery fell $0.0460 to settle at $4.4850 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.89 percent at $9,890 a ton.