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Copper futures settle to record highs on Thursday

30 Jan 2026 Evaluate
Copper futures settled to record highs on Thursday amidst concerns over future supply shortages and weaker dollar overseas. A falling American currency makes copper cheaper for buyers using other currencies, which surges demand and pushes prices to rise. Demand expectations are also underpinned by surging investment in datacenters and the electrification infrastructure needed to power AI services and electric vehicle charging stations. 

Copper futures for March delivery rose $0.2785 to settle at $6.2035 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 4.06% at $13,618 a ton.

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