Copper futures settled down on Monday due to concerns about metals demand as recent stimulus measures so far failed to prop up China's economy, while hopes for higher supplies from China also dampened demand. Strengthening US dollar against major rivals also added more pressure on copper prices. Meanwhile markets are cautiously awaiting key inflation readings from the United States and China later this week, that could influence the US Federal Reserve's policy path.
Copper futures for September delivery lost $0.0325 to settle at $3.8350 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.03 percent at $8,485 a ton.