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Copper futures settle down on profit booking

28 Jan 2026 Evaluate
Copper futures settled down on Tuesday due to profit booking with caution ahead of the US Federal Reserve’s interest-rate decision. However, some falls were limited by a weaker dollar that makes greenback-priced metals like copper cheaper and more appealing to holders of other currencies. Long-term demand for copper is expected to remain strong, with rising interest from retail investors and sustained industrial usage linked to renewable energy, electrification and artificial intelligence.

Copper futures for March delivery lost $0.159 to settle at $5.8615 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.46% at $13,006.50 a ton.

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