Copper futures settled down on Thursday on demand concerns tracking slowing economic growth in the world’s top metal consumer China, even as China continues to roll out more stimulus measures to support economic growth. Moreover, a stronger dollar also makes copper more expensive to holders of other currencies.
Copper futures for December delivery fell $0.0220 to settle at $3.8220 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.59 percent at $8,422.50 a ton.