Copper futures ended lower on Friday as growing worries over demand due to continued Covid-19 restrictions in top metals consumer China weighed on copper prices. Further, expectations for US interest rate hikes and growth concerns in China and Europe also adding pressure on copper prices. Easing US dollar from its recent 20-year high, however, capped some losses.
Copper futures for May delivery fell $0.0185 to settle at $4.3950 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.75 percent at $9,769.50 a ton.