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Copper futures settle down on geopolitical tensions

30 May 2026 Evaluate
Copper futures settled down on Friday amid geopolitical tensions and energy market volatility, as US President Donald Trump has not yet officially approved the proposed 60-day extension of the Iran ceasefire deal. However, rising copper imports into the United States driven by the anticipation of potential tariff measures have heightened concerns regarding tightening global availability. 

Copper futures for July delivery fell $0.037 to settle at $6.3890 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.48% at $13,636 a ton.