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Copper futures settle down as US dollar strengthens

01 Jan 2025 Evaluate

Copper futures settled down on Tuesday as the US dollar strengthened against its most major rivals overseas, while investors prepared for fewer US rate cuts in 2025 and the incoming Trump’s administration policies.  However, some falls were limited after data showed that China’s manufacturing activity expanded for a third straight month in December, suggesting fresh stimulus measures are supporting Chinese economy.

Copper futures for March delivery lost $0.0665 to settle at $4.0265 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.59 percent at $8,768 a ton.


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