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Copper futures settle down on Thursday

28 Mar 2025 Evaluate

Copper futures settled down on Thursday due to escalating global trade tensions following US President Donald Trump's announcement of a 25% tariff on imported cars and light trucks effective on April 3, while the duty on auto parts begins on May 3. However, weaker dollar overseas and bets on Federal Reserve’s interest rate cuts have limited further falls in copper prices.

Copper futures for May delivery fell $0.1235 to settle at $5.1195 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.81 percent at $9,846.50 a ton.