Copper futures ended lower on Wednesday as American currency strengthened against its major rivals overseas after the US President Trump’s global tariffs were deemed illegal and blocked by the US Court of International Trade. Copper prices weakened further after minutes of the May FOMC meeting showed policymakers supported keeping interest rates on hold.
Copper futures for July delivery lost $0.0655 to settle at $4.6745 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.33 percent at $9,565 a ton.