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Copper futures end lower on strong dollar

14 Jul 2021 Evaluate

Copper futures ended lower on Tuesday, boosted by strong dollar after the rise in US inflation has raised expectations that the US Federal Reserve could tighten monetary policy sooner rather than later. Further, falling imports by world’s top metal consumer China and climbing inventories also weighed on red metal prices.

Copper futures for September delivery lost $0.0090 to settle at $4.3070 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.04 percent at $9,412.50 a ton.