Skip to main content

MoneyWorks4Me

Copper futures trade lower on renewed US-China trade war fears

05 Jul 2023 Evaluate
Copper futures traded lower on Wednesday amid fears of a renewed US-China trade war after China blocked the export of key chipmaking materials to the United States. Moreover, investors are eagerly waiting for the release of FOMC meeting minutes today for more cues on the US central bank’s rate-hike path, also pressurizing copper prices.

Copper futures for September delivery lost 0.65% or $0.0245 at $3.7695 a pound on the Comex metals division of New York Mercantile Exchange.