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Copper futures settle higher as US dollar weakens

23 Oct 2025 Evaluate

Copper futures settled higher on Wednesday as the US dollar weakened after reports showed that the Trump administration is considering broad restrictions on exports to China made with US software in retaliation for China's latest round of rare earth export restrictions. Meanwhile, investors are awaiting Friday’s US CPI report as the next major input for direction.

Copper futures for December delivery gained $0.0295 to settle at $4.9955 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.37% at $10,663 a ton.