Copper futures settled down on Wednesday as the US dollar index held firm near a two-year peak against its rivals, which makes dollar-denominated metals more expensive for buyers using other currencies. However, expectations of more stimulus from top metals consumer China to support its pandemic-hit economy and lingering concerns about supply from top producers Peru and Chile, capped some losses in copper futures.
Copper futures for May delivery lost $0.0660 to settle at $4.6520 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.79 percent at $10,223 a ton.