Copper futures traded lower on Tuesday on sluggish demand, even with growing expectations that the US central bank Fed could pause interest rate hikes this year. Copper prices weakened further by rising inventories in exchange-registered warehouses. US markets were closed yesterday for Labor Day.
Copper futures for December delivery lost 0.51% or $0.0195 at $3.8325 a pound on the Comex metals division of New York Mercantile Exchange.