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Copper futures settle higher as American currency weakens

27 Jan 2026 Evaluate
Copper futures settled higher on Monday as the American currency weakened due to speculation about coordinated currency intervention by US and Japanese authorities and expectations of more dovish monetary policy from the US Federal Reserve. The red metal also draws support from growing interest from retail investors and industrial applications, fuelled by the global shift toward renewable energy and artificial intelligence. Although, rising inventories in the world’s top metal consumer China has limited further gains in copper prices. 

Copper futures for March delivery rose $0.073 to settle at $6.0205 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.64% at $13,199 a ton.

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