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Copper futures end higher as US dollar slips overseas

23 Jan 2026 Evaluate
Copper futures ended higher on Thursday as the US dollar slipped against its major peers overseas coupled with easing geopolitical tensions after US President Donald Trump withdrew new tariff threats against Europe concerning the Greenland issue. Besides, supply risks also supported copper prices after a major Chilean copper mine halted production due to a strike, likely offsetting Freeport McMoRan’s progress in restarting operations at Indonesia’s Grasberg mine.

Copper futures for March delivery rose $0.011 to settle at $5.7790 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was down by 0.43% at $12,755.50 a ton.

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