Copper futures traded down on Monday as the US dollar strengthened against its major peers overseas. Moreover, uncertainties around China's economy and property market risks following rating agency Moody's downgrade of China's government credit rating outlook from stable to negative, also dampened market sentiments.
Copper futures for March delivery lost 0.56% or $0.0215 at $3.8090 a pound on the Comex metals division of New York Mercantile Exchange.