Copper futures ended lower on Wednesday after reports showing softer manufacturing growth in the United States and China, while investors cautiously awaiting US jobs data due later this week which is expected to give more direction on the timing of stimulus tapering. Moreover, concerns about surging cases of the Delta variant of Covid-19 also dampened the demand outlook for copper globally.
Copper futures for September delivery lost $0.0535 to settle at $4.3325 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.79 percent at $9,466 a ton.