Copper futures settled down on Tuesday on stronger US dollar as traders pushed back bets for a first Federal Reserve interest rate cut following hotter than expected US inflation figures overnight. Meanwhile, trading activity is muted as China celebrates the Lunar New Year.
Copper futures for March delivery lost $0.0130 to settle at $3.7110 a pound on the Comex metals division of New York Mercantile Exchange. Although, Copper on the London Metal Exchange was up by 0.3 percent at $8,260 a ton.