Copper futures end lower on demand concerns

Copper futures ended lower on Friday and headed for a weekly loss due to worries over demand in world’s top metal consumer China. Though, some losses were capped after news that China's central bank narrowly cut its one-year benchmark lending rate for the second month in a row on Friday to 4.20%, as the central bank seeks to guide borrowing costs lower for an economy hit by the US-China trade war.

Copper futures for December delivery lost 0.08 percent to settle at $2.6065 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed up 0.2 percent at $5,798 a ton.

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