Copper futures settled down on Monday with caution ahead of China’s National People's Congress annual meeting. Moreover, persistent fears of stalling Chinese demand and higher exchange warehouse stocks also dampened copper prices. But, a falling American currency makes copper cheaper for holders of other currencies.
Copper futures for May delivery lost $0.0045 to settle at $3.8570 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.46 percent at $8,542.50 a ton.