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Copper futures settle down on Wednesday

09 Jul 2026 Evaluate
Copper futures settled down on Wednesday as minutes from Kevin M. Warsh's first meeting as chairman showed US Fed officials are still more concerned about inflation persistence than slowing economic growth. Copper prices weakened further after US President Trump labeled the current ceasefire with Iran invalid. While this Middle Eastern escalation and disrupted energy sales dampened the global manufacturing outlook, though copper prices subsequently started to recover due to strong demand from artificial intelligence infrastructure. 

Copper futures for September delivery fell $0.1185 to settle at $6.1075 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.50% at $13,165.50 a ton.

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