Copper futures settled down on Monday due to demand concerns on fears that US President Donald Trump's intensifying trade war could lead to a global recession. Trump has threatened China with an additional 50% tariff on Chinese goods imported into the United States unless China withdraws its countermeasures. Moreover, a firm American currency has also dampened sentiments.
Copper futures for May delivery fell $0.216 to settle at $4.1860 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.55 percent at $8,732 a ton.