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Copper futures end lower as dollar strengthens slightly

31 Dec 2021 Evaluate

Copper futures ended lower on Thursday as dollar strengthened slightly against its major peers along with fears that surging Covid-19 infections would curb the global economic recovery, while its trading in a range-bound ahead of New Year holiday. Copper prices weakened further after MMG's Las Bambas mine in Peru said it would resume operations that had been halted due to a road blockade.

Copper futures for March delivery fell $0.0205 to settle at $4.3925 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up 0.11 percent at $9,691.50 a ton.