Copper futures settled lower on Wednesday amid weak metals demand in the world’s top consumer China. Moreover, a firmer American currency on prospects of higher interest rates for longer, makes copper more expensive for holders of other currencies.
Copper futures for March delivery lost $0.0350 to settle at $4.1905 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.96 percent at $9,112 a ton.