Copper futures decline on demand concerns

Copper futures declined on Tuesday on worries regarding demand from the world’s top copper consumer China. However, the efforts by China to quicken the pace of reforms to support growth in the world's second-biggest economy, capped some losses in copper prices to some extent. Copper futures for July delivery fell 0.7% to settle at $3.145 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed down 0.58% to $6,885 a metric ton.