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Copper futures settle higher on Thursday

10 Jul 2026 Evaluate
Copper futures settled higher on Thursday, led by a rebound in semiconductor and AI-related stocks. Copper prices improved further on weaker dollar overseas as market participants looked past the renewed fighting in the Middle East after reports indicated that the United States and Iran will continue peace negotiations aimed at securing a lasting resolution to the conflict. A weaker US dollar makes copper cheaper and more affordable for buyers using other foreign currencies. Meanwhile, retreating oil prices also helped ease inflation concerns and reduced fears of aggressive interest rate hikes, which improved the outlook for manufacturing activity.

Copper futures for September delivery rose $0.158 to settle at $6.2655 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 2.46% at $13,489.50 a ton.

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