Copper futures settled lower on Wednesday on worries about demand amid rising Covid-19 cases and strict restrictions in the world’s top consumer China. Meanwhile, investors are now awaiting key US CPI inflation data for more cues on the path of US monetary policy.
Copper futures for December delivery lost $0.037 to settle at $3.4250 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.67 percent at $7,545 a ton.