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Copper futures settle higher on slump in American dollar overseas

10 Feb 2026 Evaluate
Copper futures settled higher on Monday as a slump in the American dollar against its major peers overseas offset softening industrial demand in the world’s top metal consumer China as the country approached the Lunar New Year holiday period. Copper prices also supported by persistent global supply constraints and conservative production guidance from major mines facing power outages. Meanwhile, investors are awaited a series of US economic data that will give clues on the interest-rate cut path of the Federal Reserve. 

Copper futures for March delivery rose $0.0805 to settle at $5.9625 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.4% at $13,176.50 a ton.

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