Copper futures ended lower on Friday due to concerns over global economic growth and metal demand following identification of a new and possibly vaccine-resistant coronavirus variant in South Africa with higher infection rate. Further, expectations of interest rate hikes in 2022 also weighed on investor sentiments.
Copper futures for December delivery lost $0.1755 to settle at $4.2835 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 3.48 percent at $9,460 a ton.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: