Copper futures ended lower on Monday as concerns that rapidly spreading Omicron coronavirus cases would slow down global economic growth and leading to softer metals demand, while stronger US dollar also makes dollar-denominated commodity more expensive for those holding other currencies. Although, lower inventories of the industrial metal limited the fall.
Copper futures for March delivery fell $0.0015 to settle at $4.2935 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up 0.10 percent at $9,446.50 a ton.