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Copper futures end lower on weak US housing data

18 Nov 2021 Evaluate

Copper futures ended lower on Wednesday as market sentiments cautious after the release of weaker-than-expected October housing starts data in the United States. Moreover, expectations of US interest rate hikes also dampened copper prices to some extent.

Copper futures for December delivery fell $0.0855 to settle at $4.2660 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.62 percent at $9,406.50 a ton.