Copper futures settled down on Friday as the US dollar strengthened, which makes commodities priced in the US currency more expensive for buyers using other currencies. However, a large US interest rate cut, China's falling inventories in exchange warehouses and hopes for stimulus measures from top consumer China have limited further falls in copper prices.
Copper futures for December delivery lost $0.0040 to settle at $4.3430 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.4 percent at $9,476.50 a ton.