Skip to main content

MoneyWorks4Me

Copper futures settle down on Thursday

11 Aug 2023 Evaluate
Copper futures settled lower on Thursday amid concerns over economic weakness in the world’s top metal consumer China. Resurgent trade war fears between the US and China also added pressure on copper prices. Moreover, firm US dollar makes copper more expensive for buyers using other currencies.

Copper futures for September delivery lost $0.0185 to settle at $3.7650 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.14 percent at $8,386 a ton.