Copper futures settled down on Thursday due to profit booking in the global markets. However, some losses were limited by thin global supplies, a weaker American currency against key rivals, and along with the expectation that the US Federal Reserve would cut interest rates from March next year.
Copper futures for March delivery lost $0.0350 to settle at $3.9245 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.76 percent at $8,624.50 a ton.