Copper futures traded lower on Monday, on concerns over the impact of the Spreading of Omicron variant of corona-virus globally. Several European governments are planning to impose further restrictions to control the spread of the highly contagious Omicron variant. While, firmer dollar makes metals priced in the US currency more expensive for holders of other currencies. However, signs of low inventory level of metal, limited further losses.
Copper futures for March delivery fell $0.0390 or 0.91% to $4.2950 a pound on the Comex metals division of New York Mercantile Exchange.