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Copper futures settle higher on Tuesday

03 Jun 2026 Evaluate

Copper futures settled higher on Tuesday driven by strong global demand and supply constraints, while traders were rushing to move refined copper into the United States ahead of a critical June 2026 tariff decision by the Trump administration. However, these gains were limited by concerns over the ongoing conflict with Iran.

Copper futures for July delivery rose $0.124 to settle at $6.6765 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 1.51% at $14,040.50 a ton.


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