Copper futures declined on Monday on the back of strong US dollar against its major rivals as traders positioned for an earlier tapering of Federal Reserve stimulus. Copper prices weakened further as the world’s top consumer China's customs data showed that copper imports in July fell 1% from June, declining for a fourth straight month.
Copper futures for September delivery lost $0.0190 or 0.44% to $4.3290 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.1 percent at $9,458 a ton.