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Copper futures trade lower on Monday

09 Mar 2026 Evaluate
Copper futures were trading lower on Monday, hitting multi-week lows as markets react to the escalating conflict in the Middle East. Copper weakened further by US dollar appreciation, and as markets lowered hopes for a June 2026 rate reduction due to renewed inflationary risks. Moreover, elevated global Inventories also adding more pressure on copper prices.

Copper futures for May delivery fell $0.0540 or 0.93% at $5.7530 a pound on the Comex metals division of New York Mercantile Exchange.