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Copper futures settle higher on improved demand

08 Jan 2025 Evaluate

Copper futures settled higher on Tuesday on improved global demand despite uncertainty around US President-elect Donald Trump's tariff plans. However, stronger dollar makes copper more expensive for buyers using other currencies. Meanwhile, traders were awaiting Friday's US jobs report for policy clues and the minutes from the Fed's December meeting on Wednesday.

Copper futures for March delivery gained $0.034 to settle at $4.1955 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange unchanged at $9,003 a ton.


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