Copper futures settled down on Tuesday on sluggish demand, despite the dollar’s weakness due to fears of a possible US government shutdown that could disrupt the release of crucial jobs data for Fed officials. Although, concerns about global supplies looms.
Copper futures for December delivery lost $0.0355 to settle at $4.8565 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.40 percent at $10,268.50 a ton.