Copper futures settled lower on Thursday on feeble demand outlook from world’s biggest metals consumer China after disappointing economic data. Moreover, stronger US dollar with expectations of more interest rates hikes by the Federal Reserve after the June monetary policy meeting minutes also weighed on copper sentiments.
Copper futures for September delivery lost $0.0340 to settle at $ 3.7345 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.69 percent at $8261.50 a ton.