Copper futures settled lower on Wednesday due to strong US dollar with expectations that the US central bank would continue to aggressively hike interest rates to bring down soaring inflation. Although, tight global supplies capped further fall in copper prices.
Copper futures for December delivery lost $0.0440 to settle at $3.3180 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.46 percent at $7,386.50 a ton.