Copper futures settled down on Wednesday as demand growth expectations from the world’s top metal consumer faded after China’s promise to support economic recovery did not roll out any specific measures. However, a weak US dollar against its major global peers capped the losses.
Copper futures for September delivery lost $0.0135 to settle at $3.9020 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.65 percent at $8,617.50 a ton.