Copper futures settled lower on Monday due to demand worries from the world’s top metal consumer China following significantly weaker-than-expected industrial production data. Further, firmer US dollar has further weakened prices.
Copper futures for September delivery lost $0.051 to settle at $3.6175 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 1.38 percent at $7,980 a ton.