Copper futures settled lower on Friday as the US dollar strengthened against its major peers, makes copper more expensive for buyers holding other currencies. Moreover, concerns over the turmoil in the banking sector and the possibility of a recession also dampened copper prices.
Copper futures for May delivery lost $0.0485 to settle at $4.0750 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.21 percent at $8,921.50 a ton.