Copper futures finished lower on Wednesday after the world’s biggest metal consumer, China said it would strengthen management of both supply and demand sides to curb any unreasonable increases in commodity prices. Further, fears about rising inflation too continued to weigh on industrial metal prices. Strengthening US dollar following the release of the minutes from the Fed's most recent monetary policy meeting also weighed down copper prices.
Copper futures for July delivery fell $0.1490 to settle at $4.5765 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 3.88 percent at $10,001.50 a ton.