Copper futures settled lower on Tuesday amid thinner trading volumes as Chinese markets were closed for the Lunar New Year holiday. Moreover, uncertainty over a potential global recession dampened copper prices.
Copper futures for March delivery lost $0.008 to settle at $4.2485 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.44 percent at $9,314.50 a ton.