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Copper futures settle down on Monday

08 Nov 2022 Evaluate
Copper futures settled down on Monday after China reiterated its commitment to maintaining strict covid-related restrictions to curb spreading outbreaks. Meanwhile, investors will be focusing on US CPI inflation data due this week for more cues on how the US economy is handling price pressures.

Copper futures for December delivery lost $0.0830 to settle at $3.6035 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 2.28 percent at $7,914.50 a ton.