Copper futures settled lower on Tuesday as the metal’s August imports by the world’s top consumer China fell to their lowest since June 2019. Though some losses were capped by hopes that the US central bank could continue its massive economic support for a longer period.
Copper futures for December delivery fell $0.0525 to settle at $4.2815 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.06 percent at $9,350.50 a ton.