Skip to main content

MoneyWorks4Me

Copper futures settle lower on strong US dollar

25 Mar 2021 Evaluate

Copper futures settled lower on Wednesday, driven by strong US dollar with fears that extended lockdowns in Europe would delay a global economic revival. Further, potential US tax hikes and worries over Sino-US tensions also sapped investor’s risk appetite.

Copper futures for May delivery lost $0.0155 to settle at $4.0640 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.03% at $8,977.50 a ton.