Copper futures were trading down on Monday as the US dollar strengthened against its major peers overseas, while investors are cautiously awaiting more cues on interest rate decision from the US Federal Reserve's first meeting of 2025 later this week. Meanwhile, disappointing Chinese PMI data and renewed tariff concerns following US President Donald Trump’s threat against Colombia have also weighed on copper prices.
Copper futures for March delivery lost $0.0390 or 0.90% at $4.2820 a pound on the Comex metals division of New York Mercantile Exchange.