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Copper futures settle higher on Monday

11 Feb 2025 Evaluate
Copper futures settled higher on Monday after US President Donald Trump pushed forward his plans to slap tariffs on industrial metals. Meanwhile investors are awaiting a testimony from Federal Reserve Chair Jerome Powell and a reading on US inflation for cues on the interest-rate outlook. However some gains were limited by firm American currency overseas, which makes copper more expensive for foreign buyers.

Copper futures for March delivery gained $0.118 to settle at $4.7070 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.43 percent at $9,447.50 a ton.