Copper futures end lower on Wednesday

Copper futures ended lower on Wednesday amid slowing growth from top metal consumer China. Meanwhile, the Federal Reserve cut its key interest rate by a quarter-point, as expected, for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade wars to chronically low inflation and a dim global outlook.

Copper futures for September delivery fell 0.5 percent to settle at $2.666 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed down 0.4 percent at $5,927 a ton.

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