Copper futures ended lower on Monday as strengthening US dollar makes dollar-priced metals more expensive to holders of other currencies, while solid US employment data also fuelled concerns of a sooner-than-expected rate hike by Federal Reserve. Moreover, concerns over the spread of the Delta variant of the coronavirus too pressurized red metal prices.
Copper futures for September delivery fell $0.0585 to settle at $4.2895 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.04 percent at $9,369.50 a ton.