Copper futures settled lower on Friday due to concerns over demand from the world’s top metal consumer China. Meanwhile, a higher dollar makes copper less attractive for buyers holding other currencies.
Copper futures for March delivery lost $0.0345 to settle at $4.0565 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.8 percent at $8,980.50 a ton.