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Copper futures end lower on Tuesday

11 May 2022 Evaluate

Copper futures ended lower on Tuesday due to concerns of rising interest rates and weaker global economic growth. Further, worries over Covid-19 lockdowns in world’s top metals consumer China also kept pressure on the copper prices. Moreover, surge in the US dollar also weighed on sentiments.

Copper futures for July delivery lost $0.0390 to settle at $4.1545 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.1 percent at $9,228.50 a ton.