Copper futures traded lower on Monday due to fears over more interest rate rises by the US Federal Reserve, while slowing economic activity across the globe also pressurising red metal prices. However, tightening supply in the wake of sanctions against Russian production capped further fall in copper prices.
Copper futures for December delivery lost 0.32% or $0.011 at $3.4125 a pound on the Comex metals division of New York Mercantile Exchange.