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Copper futures settle down on Friday

01 Feb 2025 Evaluate
Copper futures settled down on Friday on firm American currency against its major peers overseas after the White House reiterated that US President Donald Trump will implement on Saturday tariffs of 25% duty on imports from Canada and Mexico and 10% levy on goods from China. A firm dollar makes commodities priced in the US currency expensive for buyers using other currencies. 

Copper futures for March delivery lost $0.0285 to settle at $4.2790 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.88 percent at $9,048 a ton.

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