Copper futures ended lower on Monday on eased worries about supply disruption after potential peace talks of Russia and Ukraine while, renewed Covid-19 outbreak in China, the world’s biggest buyer of metals raised the demand concerns. Reported that the China is under worst Covid-19 outbreak in 2 years and various parts of the country are now under partial or full lockdown.
Copper futures for May delivery fell $0.1025 to settle at $4.5230 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.44 percent at $ 9,935.00 a ton.