Copper futures settled marginally down on Wednesday as a firm dollar overseas which makes copper more expensive for buyers using other currencies, while some profit-booking has also weighed on copper prices. Copper prices weakened further on the fading optimism over new round of Chinese stimulus measures announced this week. However, some losses were limited by expectations that the US central bank will make another large interest rate cut at its November meeting.
Copper futures for December delivery lost $0.002 to settle at $4.4895 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.17 percent at $9,813 a ton.