Copper futures settled down on Monday after US President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China. Moreover, geopolitical tensions from the Ukraine-Russia war also dampened investor sentiment. However, weaker US dollar and optimism around China's seasonal demand have limited further falls in copper prices.
Copper futures for March delivery lost 0.94% to settle at $4.1180 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.86 percent at $9,045.50 a ton.