Copper futures settled lower on Friday with expectations that the US Federal Reserve will raise interest rates further. However, some losses were capped by demand prospects in the world's top metal consumer after data showed Chinese factory activity increased in February at the fastest pace since 2012.
Copper futures for May delivery lost $0.0090 to settle at $4.0670 a pound on the comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.28 percent at $8,983.50 a ton.