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Copper futures settle down on Wednesday

28 May 2026 Evaluate
Copper futures settled down on Wednesday as fresh US escalation against Iran rattled commodity markets, fuelling fears that inflation could remain elevated for longer than expected. Additionally, a stronger US dollar also made copper expensive for holders of other currencies, while markets stayed cautious ahead of Thursday's US April Personal Consumption Expenditures (PCE) Price Index report. 

Copper futures for July delivery fell $0.057 to settle at $6.34 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.68% at $13,531 a ton.

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