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Copper futures settle higher on Tuesday

01 Jul 2026 Evaluate
Copper futures settled higher on Tuesday, tracking strong global trends and optimism surrounding indirect peace negotiations between the United States and Iran in Doha to prevent disruptions in the Strait of Hormuz. Meanwhile, investors looked ahead to the June US ADP employment data and US nonfarm payroll figures for fresh insights into the strength of the labor market and the outlook for Federal Reserve policy.

Copper futures for September delivery rose $0.0905 to settle at $6.2540 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.73% at $13,375 a ton.


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