Equity Tips:- Copper Futures End Lower On Firm Dollar

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Copper futures ended lower on Friday on account of a firm dollar, which makes metals expensive for holders of other currencies. Copper prices fell further on worries that the supply disruptions that buoyed prices last year from mining labor contract renegotiations and other conflicts with host governments haven’t materialized yet in 2018, meaning the market could continue to be well supplied.

 

Copper futures for May delivery fell 2.2 percent to settle at $3.046 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 2.4 percent at $6,796 a metric ton.

 

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