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Copper futures extend downturn on weak US employment data

19 Nov 2025 Evaluate
Copper futures extended their downturn on Tuesday as US employment figures disappointed the market. US jobless-benefit data showed that the number of Americans receiving unemployment support at a two-month high in mid-October, with continuing claims rising to 1.9 million in the week ended October 18. Copper prices weakened further on firm dollar following fading expectations of a rate cut by the US Federal Reserve in December and ahead of more delayed US data releases this week.

Copper futures for December delivery slipped $0.038 to settle at $4.9740 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.55% at $10,719.50 a ton.

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