Copper futures settled down on Monday as the US dollar strengthened against major peers overseas ahead of US CPI data to be released on Thursday, which is key to gauge on Federal Reserve interest rate cut timeline. Moreover, persisting weak demand signals from the world’s top metals consumer China also dampened copper prices. However, some losses were limited by optimism over Chinese policy support ahead of next week's Third Plenum, a major Chinese political meeting.
Copper futures for September delivery lost $0.0340 to settle at $4.6180 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.29 percent at $9,915 a ton.