Copper futures decline on profit taking

Copper futures declined on Wednesday as some investors took profits after a four-day rally, but speculation that surging stocks market on a global scale indicates a favorable outlook for economic growth which capped some losses in copper prices to some extent. Copper futures for July delivery slid 0.1% to settle at $3.1735 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed up 0.1% to $6,944 a metric ton.