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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Copper futures end higher after China unveils interest rate reforms

Copper futures ended higher after the world’s top metals consumer China unveiled interest rate reforms that could boost its economy. China's central bank said it will improve the mechanism used to establish the loan prime rate (LPR) from this month, in a move to further lower real interest rates for companies as part of broader market reforms. This move also fuelled hopes of interest rate cuts, adding support to metal prices.

Copper futures for September delivery gained $0.0065 to settle at $2.6015 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended up 0.5 percent at $5,774 a ton.

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Copper futures trade higher on Monday

Copper futures traded higher on Monday after an agreement between the United States and Mexico to avert a tariff war. Meanwhile, a weaker US currency also buoyed the copper buying, as it will make dollar denominated red metal cheaper for other currency holders.

Copper futures for July delivery trade higher by 0.34% at 2.6370 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange traded lower 0.60% at 5,769.50 per tonne.

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