Copper futures settled flat on Wednesday due to concerns over demand outlook from the world’s top metal consumer after a widely-watched government policy meeting in China finished without any major new stimulus pledges. Meanwhile, the US Federal Reserve left the benchmark interest rates unchanged at 5.25% - 5.50%, in line with market estimates.
Copper futures for March delivery settled flat at $3.7875 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.30 percent at $8,330 a ton.