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Copper futures settle down as US dollar strengthens

18 Jan 2025 Evaluate
Copper futures settled down on Friday as the US dollar strengthened against its major peers, and as investors are awaiting Donald Trump's presidential inauguration and clarity on the course of the incoming administration's policies. However some falls were limited by upbeat data from top consumer China along with expectations that Chinese demand will pick up on more stimulus measures.

Copper futures for March delivery lost $0.0725 to settle at $4.3685 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.44 percent at $9,190 a ton.