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Copper futures settle higher on supply concerns

05 Aug 2025 Evaluate

Copper futures settled higher on Monday supported by concerns over supply after a fatal mining accident in Chile. Chilean miner Codelco has halted operations at its El Teniente mine following a rock collapse on July 31 that killed six subcontracted workers, raising fears of output disruption from the world’s largest copper-producing nation. A weaker American currency also boosted the dollar-denominated copper futures as they became cheaper to global traders. 

Copper futures for September delivery gained $0.0020 to settle at $4.4375 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.59 percent at $9,687 a ton.


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