Copper futures settled lower on Monday amidst demand worries following a spike in covid cases in top metal consumer China, while a firm dollar also putting some pressure on copper prices. Meanwhile, investors are in a cautious mood ahead of the US Federal Reserve meeting this week.
Copper futures for March delivery lost $0.0205 to settle at $4.202 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.58 percent at $9,210 a ton.