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Copper futures settle down on Tuesday

18 Dec 2024 Evaluate
Copper futures settled down on Tuesday as the US dollar strengthened against major currencies overseas following better than expected US retail sales data, while investors are focusing on interest rate moves from the US Federal Reserve and other central banks. Copper prices weakened further by lack of details of fresh stimulus plans from top consumer China.

Copper futures for March delivery lost $0.0445 to settle at $4.1465 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.81 percent at $8,989.50 a ton.

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