Copper futures settled down Thursday driven by sluggish demand from the world’s top metal consumer China. However, some falls were limited by weak US dollar and a less hawkish stance by the US Federal Reserve on interest rate hikes.
Copper futures for July delivery fell $0.0615 to settle at $4.4845 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.31 percent at $9,765.50 a ton.