Copper futures traded lower on Monday even after the China’s central bank decided to cut the deposit reserve ratio of financial institutions by 0.5 percentage point on July 15, 2021. Meanwhile, investors continued to monitor the Covid situations in the Chinese region.
Copper futures for September delivery lost $0.0290 or 0.67% to $4.3165 a pound on the Comex metals division of New York Mercantile Exchange.