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Copper futures end lower on Tuesday

19 Jan 2022 Evaluate

Copper futures ended lower on Tuesday due to concerns about more hawkish tone from the US Federal Reserve in the run-up to monetary tightening in March. Further, strong US dollar with soaring Treasury yields also adding pressure on red metal prices. However, some losses were capped by after the Chinese central bank's vice governor said it would roll out more policy measures to stabilise the economy.

Copper futures for March delivery lost $0.0380 to settle at $4.3825 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.57 percent at $9,676 a ton.