Copper futures settled down on Monday as the American currency advanced against its major peers overseas amid political turmoil in Japan and France. Moreover, concerns over the ongoing shutdown of the US government also dampened metal prices. However, tightening copper supply due to mine disruptions has limited further falls in copper prices.
Copper futures for December delivery fell $0.071 to settle at $5.0380 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.57 percent at $10,654.50 a ton.