Copper futures traded lower on Monday as fears of rising inflation and surging of coronavirus cases globally making investors nervous about the global economic recovery. Further, US dollar also rose broadly against its major currencies overseas too adding downward pressure on copper prices to a certain extent.
Copper futures for September delivery lost $0.0370 or 0.86% to $4.2860 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.5 percent at $9,380 a ton.