Copper futures settled down on Tuesday due to signs of slowing economic rebound in China. Copper prices weakened further as investors cautiously waiting of outcome of vote on debt ceiling deal to avoid default. Growing concerns over the possibility of US Federal Reserve interest rate hike also keep copper prices under pressure.
Copper futures for July delivery lost $0.0190 to settle at $3.6630 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.15 percent at $8,123 a ton.