Saturday 24 August 2019

Copper futures end lower on global growth worries

Copper futures ended lower on Friday due to worries over the health of the global economy followed by weaker-than-expected manufacturing data from the world's largest economy. Reports showed The US manufacturing purchasing managers’ index (PMI) fell to 49.9 in August from 50.4 in July, below the neutral 50.0 threshold for the first time since September 2009.

Copper futures for September delivery lost $0.0275 to settle at $2.5300 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.88 percent at $5,633 a ton.

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