Copper futures are trading lower on Monday after China's May industrial output data missed forecasts, even as weak American currency limited further falls in copper prices. Copper prices weakened further on hawkish comments from the US Federal Reserve officials, particularly Minneapolis Federal Reserve President Neel Kashkari on Sunday said it's a reasonable prediction that the US Fed will cut interest rates once this year, waiting until December to do it.
Copper futures for July delivery down by $0.044 or 0.98% at $4.4510 a pound on the Comex metals division of New York Mercantile Exchange.