Copper futures settle lower on profit booking
Copper futures settled lower on Thursday due to profit booking, while demand from industrial users in top consumer China remained subdued because of high prices and many industrial plants have not yet reached full capacity after the Lunar New Year break. Moreover, firm American currency also dampened sentiments.
Copper futures for March delivery fell $0.04 to settle at $6.0050 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.14% at $13,304.50 a ton.
