Copper futures were trading down on Monday amidst an uncertain global demand outlook and rising overall inventories, while concerns over slowing industrial demand in top consumer China also dampened sentiments. However, some losses were limited as the US dollar retreated on some growing expectations on an interest rate cut.
Copper futures for July delivery down by $0.0055 or 0.13% at $4.3850 a pound on the Comex metals division of New York Mercantile Exchange.