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Copper futures end lower on Friday

19 Nov 2022 Evaluate
Copper futures ended lower on Friday as hawkish remarks from US Federal Reserve officials about plans for more interest rate hikes and rising Covid-19 cases in the world’s top metals consumer China weighed on red metal prices. However, some losses were capped by signs of tightening supply due to weaker production in Chile and Peru.

Copper futures for December delivery lost $0.0560 to settle at $3.6320 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.42 percent at $8,076 a ton.