In New York, the May COMEX contract finished down 1.95 cents at $3.8780 per lb, after dealing in a session range between $3.8675 and $3.94 on Friday. Volumes remained light at the end of the week. Nearly 55,700 lots traded in late New York business, about 20 percent below the 30-day norm, according to preliminary Thomson Reuters data.
"Base metals markets will be largely driven by macro factors and movements in the equity and currency market next week. But I don't see any factors to drive prices out of the current range unless we get some unforeseen news on the macro front," said Daniel Briesemann, analyst at Commerzbank.