Copper futures settled down marginally on Tuesday ahead of US non-farm payrolls data on Friday, which could shed light on US monetary policy. Moreover, disappointment over a lack of fresh supportive measures from the world’s top metals consumer China also dampened copper prices. Although, a lower American currency makes copper cheaper for holders of other currencies.
Copper futures for May delivery lost $0.01 to settle at $3.8470 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.60 percent at $8,491.50 a ton.