Copper futures settled lower on Wednesday as the US dollar strengthened to a new two-decade high after comments from Russia's President Vladimir Putin rattled markets. Further, weakening economic growth in the world’s largest copper importer China, while inflation and recession fears also influenced investor sentiment.
Copper futures for December delivery lost $0.0360 to settle at $3.4670 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down 0.88 percent at $7,690 a ton.