Copper futures settled lower on Monday due to concerns over demand from the world’s top metal consumer China following disappointing growth data in the second quarter. However, a weaker US dollar makes dollar- denominated metals cheaper to holders of other currencies.
Copper futures for September delivery lost $0.0890 to settle at $3.8440 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 2.10 percent at $8,491 a ton.