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Copper futures end lower on coronavirus uncertainty

18 Aug 2021 Evaluate

Copper futures ended lower on Tuesday due to uncertainty about the spread of the delta variant of the coronavirus and its impact on the global economies. Copper prices also pressures by strengthening US dollar. which made commodities priced in the US currency more expensive to holders of other currencies.

Copper futures for September delivery lost $0.1210 to settle at $4.2060 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.06 percent at $9,247.50 a ton.