Copper futures ended lower on Friday amid strong dollar following expectations that the US Fed will continue to aggressively hike interest rates. Moreover, extended Covid-19 outbreaks in top metals consumer China also weighed on red metal prices. Although, tightening supply in the wake of sanctions against Russian production capped copper prices.
Copper futures for December delivery lost $0.0170 to settle at $3.4235 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.46 percent at $7,538.50 a ton.