US copper futures ended down but away from session lows on Tuesday, tracking a positive reversal on Wall Street, but capped by ongoing concerns about the European debt crisis and a potential overheating in the Chinese economy. Copper for July delivery ended down 2.15 cents at $3.2065 per lb on the New York Mercantile Exchange's COMEX division.
Ranged from $3.1285 to $3.2375. COMEX estimated copper futures volume at 31,491 lots by 1 pm EDT (1700 GMT). Final volume on Monday hit 37,955 lots. Open interest up 1,665 lots to 133,729 contracts open as of May 10.
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