Copper futures settled down on Tuesday, tracking weak demand outlook in the world’s top metal consumer China. Copper prices weakened further on firm dollar ahead to the release of US price data at the end of the week, that makes copper more expensive to holders of other currencies. Moreover, Federal Reserve Governor Michelle Bowman's hawkish comments also added pressure on red metal prices.
Copper futures for July delivery lost $0.0595 to settle at $4.3775 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.93 percent at $9,571 a ton.