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Copper futures end lower as dollar strengthens

11 Jan 2022 Evaluate

Copper futures ended lower on Monday as dollar strengthened with expectations that the US inflation data to be released this week would bolster the case for higher interest rates. However, current tightness in global copper inventories supporting red metal prices and capped further fall in it.

Copper futures for March delivery fell $0.0580 to settle at $4.3520 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.87 percent at $9,563.50 a ton.