Copper futures settled lower on Monday pressured by concerns over weak demand outlook after disappointing factory data from the world’s largest importer of the metal, China. Although, some losses were capped by weakness in the US dollar.
Copper futures for September delivery lost $0.0310 to settle at $3.5425 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.24 percent at $7,819.50 a ton.