Copper futures ended lower on Wednesday due to worries about the demand outlook from the world’s top metal consumer China following signs of increased stress in China’s property market. Copper prices weakened further in line with inflation worries after oil prices hit their highest in seven years.
Copper futures for December delivery fell $0.0450 to settle at $4.1475 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.4 percent at $9,045.50 a ton.