Copper futures settled lower on Tuesday on account of lingering concerns over Evergrande debt crisis in the world’s top metal consumer China. Moreover, stronger US dollar ahead of key US payroll data later this week making dollar-denominated metals more expensive to holders of other currencies.
Copper futures for December delivery fell $0.0460 to settle at $4.1925 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.83 percent at $9,174 a ton.