Skip to main content

MoneyWorks4Me

Copper futures end lower on higher-than-expected inflation data

15 Sep 2022 Evaluate
Copper futures ended lower on Wednesday, due to worries over more aggressive monetary policy tightening by the US Federal Reserve as a result of higher-than-expected inflation data. However, supply tightness due to a strike in the world’s largest copper mine, Escondida in Chile, capped further fall in copper prices. 

Copper futures for December delivery lost $0.0360 to settle at $3.5195 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.83 percent at $7,803 a ton.