Copper futures trade lower on Monday

Copper futures were trading lower on Monday on concerns over threatening global growth and metals demand following escalated trade war between the United States and China. US President Donald Trump last week said the United States would impose more tariffs on Chinese imports, and China vowed to fight back, ending a month-long trade truce between the world’s two biggest economies.

Copper futures for September delivery fell $0.0170 to $2.5545 a pound on the Comex metals division of New York Mercantile Exchange. While copper on the London Metal Exchange was down at $5,640 a metric ton.

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