Copper futures ended lower on Monday after US Fed Chairman Jerome Powell stated that the Fed will raise its benchmark short-term interest rate faster than expected and will begin balance sheet reduction soon. However, some losses were capped by concerns about supply after no signs of positive developments and material progress between Russia and Ukraine.
Copper futures for May delivery fell $0.0290 to settle at $4.7105 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.35 percent at $ 10,295.00 a ton.