Copper futures settled lower on Friday amid concerns that aggressive monetary tightening by global central banks would raise the risk of a recession. However, concerns over supply tightness following a possible ban of Russian metals and higher-than-expected China factory data, capped further fall in red metal prices.
Copper futures for December delivery lost $0.0055 to settle at $3.4125 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up 0.24 percent at $7,560 a ton.