Copper futures ended lower on Thursday as the US dollar firmed with expectations that the US Fed would keep interest rates higher for longer to cool off inflation. Moreover, possibility of new US sanctions against China, the world’s top metal consumer also adding more pressure on copper demand and prices.
Copper futures for May delivery lost $0.0840 to settle at $4.0760 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.56 percent at $8,958.50 a ton.