Copper futures ended lower on Monday on concerns over demand from China, the world’s second largest economy and top metal consumer, after both Chinese factory output and retail sales rose more slowly than expected in July from a year ago. Further, worries over new covid-19 outbreaks too dampened sentiments.
Copper futures for September delivery lost $0.0645 to settle at $4.3270 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.34 percent at $9,442 a ton.