Copper futures decline on China concerns

Copper futures declined on Thursday on the concerns that China's economic slowdown would hurt demand. Further, a surprising drop in US industrial production too added pressure on copper prices. However, the losses were capped by the expectations that China’s government will introduce measures to deepen reforms of the nation’s capital markets. Copper futures for July delivery fell 0.5% to settle at $3.1445 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed down 0.5% to $6,885 a metric ton.