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Copper futures end lower on Monday

  • Mar-21-2017
  • 10:16:00 Hrs IST

Comex copper futures ended lower on Monday, while London copper too slipped as worries about demand from world’s top consumer China were reinforced by expectations of ample supplies and higher inventories in exchange-monitored warehouses. Stocks in LME-approved warehouses, at 332,975 tonnes, are up nearly 70 percent since early February.

Copper futures for May delivery fell 0.9 percent to settle at $2.667 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.9 percent at $5,880 a metric ton.