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Copper futures trade higher on first trading day of 2026

02 Jan 2026 Evaluate
Copper futures were trading higher on the first trading day of 2026 after posting the biggest annual gain since 2009, amid booming industrial demand and prospects of tighter market conditions. The long-term outlook for copper remains bullish, underpinned by rising demand for EVs, renewable energy infrastructure, and AI data centers. Moreover, weakness in the American currency against its major peers overseas also supported copper prices’ up-move. Meanwhile, traders are now awaiting key US economic data, including next week’s payroll report. Attention is also turning to Fed leadership, with President Donald Trump expected to name a successor to Jerome Powell early this year, as markets speculate for a more dovish appointment. 

Copper futures for March delivery rose $0.0615 or 1.08% at $5.7435 a pound on the Comex metals division of New York Mercantile Exchange.

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