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Copper futures settle higher on Monday

02 Jun 2026 Evaluate
Copper futures settled higher on Monday after US President Donald Trump signed a proclamation adjusting certain tariffs on metals, including steel, aluminum and copper imports to better address national security concerns. This move widened the US copper premium, potentially encouraging fresh inflows of the metal into American ports just as global supply constraints intensify. Although, some gains were limited by fresh Middle East risks and traders turned their attention to JOLTS, ADP, and Friday's payrolls report.

Copper futures for July delivery rose $0.1635 to settle at $6.5525 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.44% at $13,832 a ton.

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