Copper futures settled down on Wednesday after the American currency regained some ground after hitting a three-year low, which makes copper more expensive for foreign buyers. However, some falls were limited as worries over global trade tensions eased after US President Donald Trump suggested import tariffs on the world’s top metal consumer China could fall.
Copper futures for May delivery lost $0.0345 to settle at $4.8435 a pound on the Comex metals division of New York Mercantile Exchange. Although, Copper on the London Metal Exchange was up by 0.14 percent at $9,382.50 a ton.