Copper futures settled down on Thursday as the US dollar strengthened marginally against major peers overseas. However, some falls were limited by signs of improving Chinese economy along with expectations of interest rate cuts from the US central bank this year.
Copper futures for July delivery lost $0.0475 to settle at $4.8770 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2.01 percent at $10,424 a ton.