Copper futures settle down on Thursday
Copper futures settled down on Thursday as investors monitored the uncertainty around the US-Iran negotiations to potentially end the war. Moreover, inflation fears and slowing industrial activity across the world also clouded the demand outlook for industrial metals. A firm American currency also made copper more expensive for foreign buyers.
Copper futures for May delivery fell $0.084 to settle at $5.4770 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.42% at $12,147 a ton.
