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Copper futures settle higher on Monday

19 May 2026 Evaluate
Copper futures settled higher on Monday after US President Donald Trump said he was holding off a planned military strike on Iran at the request of Gulf states, fuelling optimism that negotiations could restart. Meanwhile, a weak US dollar made copper cheaper for international buyers using foreign currencies. 

Copper futures for July delivery rose $0.0205 to settle at $6.3155 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.24% at $13,587.50 a ton.