Copper futures settle lower on Thursday
Copper futures settled lower on Thursday on renewed concerns over global demand and economic growth after US President Donald Trump failed to provide a clear outline on ending the Iran war. Moreover, stockpiles at LME warehouses were close to their highest in six years, and those at the SHFE were near their record high, both continued to weigh on copper prices.
Copper futures for May delivery fell $0.063 to settle at $5.5835 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.60% at $12,359.50 a ton.
