Skip to main content

MoneyWorks4Me

Copper futures end higher on supply concerns

22 Jun 2022 Evaluate

Copper futures ended higher on Tuesday amid supply concerns after news that workers at the world's top copper producer Codelco in Chile will start a nationwide strike on Wednesday to protest the decision to close a troubled smelter. Although, a spike in Covid-19 cases in world’s top consumer China capped further gains in copper prices.

Copper futures for July delivery gained $0.0255 to settle at $4.0390 a pound on the Comex metals division of New York Mercantile Exchange.