Copper futures end lower on Tuesday
Copper futures ended lower on Tuesday driven by lower metals imports from the world’s top consumer of the metal China. Further, slower growth in the manufacturing industry of China and the United States also adding pressure on red metal prices. However, weak US dollar makes dollar denominated metals cheaper to holders of other currencies.
Copper futures for September delivery lost $0.0470 to settle at $4.3860 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.64 percent at $9,541.50 a ton.