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Copper futures settle down on Thursday

15 May 2026 Evaluate
Copper futures settled lower on Thursday due to profit-taking following strong inflationary pressures, a stronger dollar and reduced expectations for near-term Federal Reserve rate cuts, while markets cautiously watched the meeting between US President Donald Trump and Chinese President Xi Jinping. However, copper remained supported by tight global supply conditions and a constructive long-term outlook driven by artificial intelligence-related infrastructure expansion, power grid modernization, and the broader global energy transition.

Copper futures for July delivery fell $0.0675 to settle at $6.6115 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.52% at $13,938.50 a ton.

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