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Copper futures settle down on global recession fears

04 Apr 2025 Evaluate
Copper futures settled down on Thursday on fears that the US President Donald Trump's expansive and more aggressive reciprocal tariff policy on key trading partners could fuel a global recession. Trump imposed an additional 34% tariff on China, bringing the total levies on the country to 54%, raising further uncertainty about the economic outlook for the world’s top metal consumer. Meanwhile, investors are awaiting the US non-farm payrolls report due Friday for further insights into the US Federal Reserve’s future monetary policy direction.

Copper futures for May delivery fell $0.212 to settle at $4.8285 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 3.44 percent at $9,366.50 a ton.