Copper futures settled down on Friday after workers at the world's top copper mine in Chile called off a strike after reaching a pay deal with Australian mining giant BHP. Although, a weaker US dollar, receding fears of a potential recession in the United States, and growing expectations for a US interest-rate cut in September have limited further falls in copper prices.
Copper futures for September delivery lost $0.0075 to settle at $4.1435 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.36 percent at $9,115.50 a ton.