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Copper futures trade lower on Omicron uncertainty

27 Dec 2021 Evaluate

Copper futures traded lower on Monday as uncertainty around the Omicron variant of Covid-19 and expectations of the US Fed’s tightening monetary policy at a faster pace in light of rising inflation risks dampening market sentiments. Meanwhile, the London Metal Exchange (LME) closed for the Christmas holiday.

Copper futures for March delivery fell $0.0150 or 0.34% to $4.3775 a pound on the Comex metals division of New York Mercantile Exchange.