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Copper futures end lower on strong dollar

08 Mar 2022 Evaluate

Copper futures ended lower on Monday following lingering concerns over rising inflation and firmer US dollar with expectations of US interest rate hike. However, some losses were capped by concerns of supply disruption amid an escalating Russia-Ukraine conflict and mounting sanctions.

Copper futures for May delivery fell $0.2065 to settle at $4.7310 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 3.68 percent at $10,281.50 a ton.