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.