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Copper futures settle down on Thursday

06 Feb 2026 Evaluate
Copper futures settled down on Thursday driven by waning appetite from Chinese buyers ahead of the Lunar New Year holidays. Moreover, a stronger US dollar coupled with rising inventories at major trading hubs in Shanghai, London, and New York have also added pressure on copper prices. A stronger dollar makes dollar-denominated copper more expensive for international buyers, further suppressed global demand.

Copper futures for March delivery fell $0.029 to settle at $5.8210 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.08% at $12,903 a ton.

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