US copper futures lost over one percent of their value early on Tuesday as a stronger dollar continued to hold its bearish influence over price, keeping them pinned down near the bottom of an almost three-month range.
Copper for July delivery was trading down 3.50 cents at $3.5780 a lb by 10:19 am EDT (1419 GMT) on the New York Mercantile Exchange's Comex division. The morning range was from $3.5545 to $3.6080. By 9 am estimated copper volume hit 3,060 lots.Copper prices trading near the bottom of their $3.50 a lb to $4.00 a lb trading range in place since late March.