Copper futures ended lower on Monday as investors cautious ahead of US Federal Reserve’s monetary-policy meeting this week with expectations that US Federal Reserve will tighten the liquidity and hike interest rates. Further, firm US dollar makes dollar-denominated metals more expensive for holders of other currencies, which can subdue demand.
Copper futures for March delivery fell $0.1115 to settle at $4.4125 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.14 percent at $9,728 a ton.