US copper futures ended down at a two-week low early on Wednesday as risk aversion gathered pace after another disappointing report revived concerns about the health of the US economy. Copper for September delivery fell 5.85 cents, or 1.8 percent, to settle at $3.2540 per lb on the COMEX metals division of the New York Mercantile Exchange.
Lowest level on a closing basis since July 28. Range from $3.2385 to $3.3335. COMEX estimated final copper futures volume at 38,615 lots, down from Tuesday's 51,276 lots. Open interest declined by 1,716 lots to 139,666 contracts open as of August 10.