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Copper futures settle higher on slump in American currency overseas

07 Feb 2026 Evaluate
Copper futures settled higher on Friday as a slump in the American currency made dollar-priced commodities like copper more affordable for international buyers. Copper prices improved further as renewed concerns over the health of the US labour market has reinforced expectations for Federal Reserve rate cuts later this year. However, rising inventories and slowing demand from Chinese buyers ahead of the Lunar New Year, have limited further gains in copper prices.

Copper futures for March delivery rose $0.061 to settle at $5.8820 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.71% at $12,994 a ton.

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