Copper futures traded lower on Monday on concerns over rising inflation and US Federal Reserve interest rate hikes for the first time since 2018. Further, stronger US dollar makes dollar-denominated metals more expensive for holders of other currencies, which can subdue demand.
Copper futures for May delivery lost $ 0.0700 or 1.48% at $ 4.7395 a pound on the Comex metals division of New York Mercantile Exchange.