Copper futures ended lower on Wednesday as real demand is not that robust. However, downside remained capped as a set of Western sanctions against Moscow raised fears of an interruption in Russian exports. The United States, the European Union and Britain announced plans to target banks and elites while Germany halted a major gas pipeline project from Russia, which they say has amassed more than 150,000 troops near Ukraine’s borders. They threatened to go further if Moscow launched an all-out invasion of its neighbour.
Copper futures for March delivery fell $0.0120 or 0.27% at $4.4720 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up 0.2 percent at $9,939 a ton.