Copper futures ended lower on Wednesday due to concerns about the new Omicron coronavirus variant and its impact on global economic growth. Copper prices weakened further on worries about weak demand from largest consumer China after the world's top producer Codelco warned of lower prices through 2024.
Copper futures for December delivery fell $0.0305 to settle at $4.2475 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up marginally 0.02 percent at $9,444 a ton.