Copper futures were trading marginally higher on Monday due to mounting supply anxieties following reports that the Strait of Hormuz is closed again after both the United States and Iran said the other party had violated their ceasefire deal by attacking ships over the weekend. Copper prices were also supported by renewed buying interest from Chinese consumers as fabricators took advantage of softer prices. However, a strengthening US dollar and potential demand weakness stemming from ongoing geopolitical tensions in West Asia are expected to cap further gains.
Copper futures for May delivery rose $0.0050 or 0.08% at $6.0815 a pound on the Comex metals division of New York Mercantile Exchange.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: