Wednesday, 29 May 2019

Copper futures end lower on trade deal concerns

Copper futures ended lower on Tuesday, driven by worries about the trade war between China and the United States, but expectations of further economic stimulus in the world's biggest consumer restricted some losses. Meanwhile, base metals markets are looking ahead to Chinese manufacturing PMIs, particularly for new orders and export components, to gauge demand prospects over the coming months.

Copper futures for July delivery fell $0.0035 to settle at $2.6960 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed up 0.1 percent at $5,960 per tonne.

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