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Copper futures settle higher on Thursday

29 May 2026 Evaluate
Copper futures settled higher on Thursday after reports indicated that the United States and Iran were nearing a diplomatic resolution to the Middle East conflict. Meanwhile, rising copper imports into the United States ahead of potential tariff measures have heightened concerns regarding tightening global availability. Copper prices were further buoyed by renewed optimism over demand linked to the global artificial intelligence expansion and the rapid build-out of data center infrastructure.

Copper futures for July delivery rose $0.086 to settle at $6.4260 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.26% at $13,701.50 a ton.