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Copper futures settle down on strong American currency overseas

05 Nov 2025 Evaluate

Copper futures settled down on Tuesday due to a strong American currency overseas as divisions within the Federal Reserve raised doubts about the prospect of further interest rate cuts, while the world's top copper producer Chile's Codelco expects its output to edge slightly higher in 2025 and 2026.

Copper futures for December delivery fell $0.1205 to settle at $4.9485 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.76% at $10,663.50 a ton.