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Copper futures settle higher on Friday

03 Jan 2026 Evaluate
Copper futures settled higher on Friday, supported by market expectations of further US Federal Reserve rate cuts this year. Investors are awaiting next week’s US jobs data for December and ISM data on US manufacturing and services-sector activity to gauge the health of the economy and the likely timing of the next interest-rate cut by the Federal Reserve. The long-term outlook for copper remains bullish due to supply constraints and higher demand from EVs, renewable energy infrastructure, and AI data centers. 

Copper futures for March delivery rose $0.0095 to settle at $5.6915 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.37% at $12,469.50 a ton.

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