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Copper futures settle almost flat on Wednesday

03 Apr 2025 Evaluate
Copper futures settled almost flat with positive momentum on Wednesday as the American currency weakened against its major peers overseas after the US President Donald Trump announced global reciprocal tariffs that look certain to escalate a trade war with global partners. Moreover, expectations of US rate cuts and supply constraints have also kept copper prices flat. 

Copper futures for May delivery gained $0.0055 to settle at $5.0405 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.08 percent at $9,700.50 a ton.